Participant

The US dollar continue to decrease compared with the other important currencies. After yesterday’s events the greenback has declined even more, continuing the correction phrase started this spring. GBP/USD is trading just above the 50% retracement level and if the price will consolidate above this resistance then is expected to climb even higher. We had an important resistance also at 1.5814 (previous high) but the price has jumped above this obstacle.

gbp

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