Strategy: Pending Short
GBPUSD has slipped back inside a rising channel that has guided the pair higher since June having failed to overcome the 1.60 figure. Prices are now positioned at channel support (1.5595), a juncture that is reinforced by a horizontal barrier at 1.5477, with a pair of Doji candlesticks hinting that a rebound higher is ahead. We remain broadly bearish and will look for the upswing to yield a selling opportunity. Initial resistance lines up at 1.5825.
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