Cable getting no rest – drops towards 1.52

  • GBP/USD has had six consecutive down days now and is not getting any rest
  • Poor UK Manufacturing PMI data earlier weighing on the currency
  • Pair is approaching 1.52 level – all UK election gains now fully retraced
  • Minor tech support noted at 1.5150/60, but not much then until 1.5080/90
  • Further losses likely as techs remain bearish; selling rallies towards 1.5280 preferred strategy intraday

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