Pound has tested 200 EMA in the 4 hours chart and slump from the level, as again unable to sustain gains above 1.5470 resistance area. Losing ground strongly and with 4 hours indicators bearish, and momentum still strong, key support lies at 1.5320, past week low; if the last gives up, pair could extend the selloff towards 1.5260/70 first and 1.5200/20 area later on the day.

The upside will find first resistance around 1.5390 yet only a technical confirmation above 1.5420 could reverse the intraday bias, with the pair aiming to recover the 1.5450 price zone.

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