After losing 1 full cent over the last hour and following BOE’s inflation report, 4 hours chart shows current candle opening below 20 SMA and indicators heading south below their midlines, suggesting a continuation rally from current levels, towards next support zone around 1.6000. Still, pair has reached extreme readings in smaller time frames: price could recover towards 1.6080 in a short term corrective movement, yet as long as below that level, bias remains bearish; lose of 1.6000 zone,
GBPLUSD: Ready to extend slide
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