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GBPUSD Pin Bar At Resistance

The GBPUSD has been falling lower over the six days and today the market continued that bearish momentum by trying to push higher but paring losses into the New York close. We can see a small bearish pin bar formed today and if price breaks down past the low of the pin over the next 24 hours we could see another leg to the downside. The next key support level is not seen until down around 1.5000 area.

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