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GBPUSD Weakness Persists

The GBPUSD has been tracking lower over the last couple of weeks, however, today it did regain some ground as it rotated modestly higher. We are still bearish biased on this market and as a result we are watching closely for intra-day or daily chart price action sell signals from current levels up to about 1.5350 resistance in order to trade back in-line with the underlying bearish momentum in this market.