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GBP/USD to tick down towards the 1.30 level – SocGen

Cable is battling to defend 1.31. Economists at Société Générale expect the GBP/USD pair to tackle the 1.30 level.

1.3460 caps upside

“GBP/USD has violated December low around 1.3160 and could drift towards the lower limit of a multi month channel at 1.30.”

“Daily Ichimoku cloud at 1.3460 caps upside.”

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FXStreet Insights Team

The FXStreet Insights Team is a group of journalists that handpicks selected market observations published by renowned experts. The content includes notes by commercial as well as additional insights by internal and external analysts.

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