FX & CFD trading involves significant risk
GBP/USD retreats from recovery highs of $1.5892 found support at $1.5845. Failure to back above $1.5881 (76.4% $1.5892/45) to push above this latter level seen keeping a slight bearish tone on the rate in the short term. A break below $1.5845 to expose stops, which if triggered to open a deeper move toward $1.5830 ahead of $1.5800. Offers remain in place above $1.5880, more between $1.5892/$1.5900 with stops placed on a break above.
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