GBPUSD tips bearish as sellers seize control below key moving averages ...Middle East

The pair is now pressing toward the next key downside target: the Friday low at 1.3514. A break below this level would confirm further bearish control and open the door toward other sport targets including 1.3505 swing level, and below that a swing area between 1.3460 and 1.34729.

For now, the bias leans bearish below the moving averages. Watch for resistance near the 100-hour MA to cap any rallies.

This article was written by Greg Michalowski at www.forexlive.com.

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