GBPUSD tumbles to lowest level since January 18. Pair trends to the downside.


Pair trends lower today after break. The GBPUSD tried to move back above its 200 hour moving average for the second consecutive day in the Asian session (see green line in the chart below), only to fail for the second consecutive day (currently at 1.36989). That started a trend move to the downside which is still in process as the pair

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