The sustained move below 1.5500 for GBP/USD creates a lower low situation following the lower high established on the daily chart Monday. That's a definite negative, though there is support in the 1.5450 area which may yet check the market up. Trend Intensity has gone flat and the Bollinger Bands have stopped narrowing. Both are still at highish levels in terms of new trends developing, but this is still a risk which needs to be taken seriously.
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