Quotes from Societe Generale Cross Asset Research:
-GBP/USD is undergoing a complex correction and is likely to extend the downtrend towards 1.5350 and even 1.49. Monthly indicator has given a negative crossover and shows further correction. Short term upside, if any, should be capped at 1.62. For the day, the pair will continue to drift lower towards 1.5450.
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