GBP/USD - Sell at 1.6580
Despite yesterday's rebound to 1.6654, as the British pound dropped sharply after faltering below indicated resistance at 1.6666 and broke below support at 1.6546, suggesting the decline from 1.6823 top has resumed for retracement of early upmove, hence further weakness to 1.6500 (100% projection of 1.6786-1.6568 measuring from 1.6718) and 1.6470 (61.8% Fibonacci retracement of 1.6252-1.6823) would be seen, however, reckon 1.6445-50 (1.236 times projection of 1.6786-1.6568 measuring from 1.6718) would remain intact.
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