GBP/USD drops on renewed USD strength by Milan Cutkovic

  • USD strengthens as commodity prices are under pressure, especially Oil
  • Cable has dropped below the 1.5730/35 support area, which proved as tough resistance level prior to the breakout
  • 1.5680 will now be the pivotal level – a break and/or daily close below would likely have the remaining longs run for the exit
  • Such a move would target another move towards 1.5590


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