After being rejected once again by the 1.6200 resistance area, GBP/USD came under pressure and having lost over 120 pips from daily highs it recently broke below 1.6100 to hit its lowest in 2 weeks at 1.6077. At time of writing, the pair is trading at the 1.6080 zone, down 0.3% on the day.
As for technical levels, next supports are seen at 1.6080, 1.6050 and 1.6010, while resistances could now be found at 1.6100, 1.6170 and 1.6200.
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