After having reached as high as 1.5679, the GBP/USD has fallen down to 1.5574 session low and is still trading below 1.5600 level.
â€œStrong barrier at 1.5650, previous highs / main bear trendline off 1.6300, comes under pressure, with break here to open way for stronger recovery and possible attack at 1.5700 and 1.5745, 200 day MA and key short-term static barrier at 1.5776, 20 June peakâ€, wrote Windsor Brokers analyst Slobodan Drvenica.
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