GBP/USD continues to move lower. The technical structure indicates further weakness. Support is given at a distance at 1.3304 (12/12/2017 low). Expected to show continued further monitoring of resistance at 1.3549.

The long-term technical pattern is reversing. The Brexit vote had paved the way for further decline. Long-term support can be found at 1.1841 (07/10/2017 low). Long-term resistance given around 1.35 is at stake and indicates a long-term reversal in the negative trend. Yet, it is very unlikely at the moment.

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