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GBP/USD Technical Levels for USA Trading Sessions 08/03/2016

The GBP/USD pair is retreating 0.40% at 1.4209 and a breach of 1.4188 (20-day SMA) would open the door to 1.4079 (low Jan.21) and then 1.3836 (multi-year low Feb.29). On the other hand, the next hurdle lines up at 1.4348 (61.8% Fibo of 1.4670-1.3833) followed by 1.4387 (55-day SMA) and finally 1.4410 (high Feb.19).

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