Technical Analysis

The first step down is taken. Stalls on the 2nd step (development line)

100 hour MA is now threat for shorts

100 hour MA is now risk for shorts
The GBPUSD moved beneath the 100 hour MA on the again of the failed Cooper-Boles vote. The value moved to the development line at 1.3089 which is the subsequent goal. The 100 hour MA is now threat for shorts.THe subsequent goal beneath is the 200 day MA at 1.3060 adopted by the 200 hour MA at 1.30239.  The 38.2% is at 1.3006 (the fifth step) on a development decrease.  

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