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GBP/USD D1 Technical October 26

|Includes: iPath GBP/USD Exchange Rate ETN (GBB)

Near term out look for GBP/USD is bearish. Today pair has support at 1.6066 and resistance near 1.6140. The price action on 1.6066 level should be watched carefully, break through this level will allow the pair to go further down and test 1.5912 key level. High impact news can change the scenario. News like Advance GDP q/q.