GBP/USD: Break Below 1.5805 Signals More Weakness

GBPUSD has broken lower in the session, falling below the 1.5800 psychological figure, and lending a bearish bias on the major currency. As a result, subsequent support via the 1.5744 figure should be the next viable barrier of contention. Conversely, any correction higher would find the 1.5820 figure relatively formidable in the short term. Notable considerations still circle the oversold conditions being alluded to by Stochastic – which now prints a sub 5 figure.
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