After consolidation, GBPUSD broke below 1.2346 support and continued its downward movement from 1.2706. Further decline could be expected and next target would be at 1.2000 area. Resistance is now at 1.2400, only break above this level could signal completion of the downtrend.
For more short term forex analysis and info visit via GBPUSD Daily Analysis – March 2, 2017 . Thanks for your support.
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