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| GBP/USD 4-hour chart, source: forexfactory.com |
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| GBP/USD weekly chart, source: forexfactory.com |
The chart of currency pair GBP/USD tells the explicit downward trend. It lowers its peaks and moves downward. If a bad news is reported, the price of the pair plunges. The trend of GBP/USD seems down and its trend may be continued for a long time.
The fundamental situations of pound support selling pound. British people decided to leave Euro zone and the government said the following processes are done from next year. So called Brexit leads the short trend of pound.
Though there may be rising of pound, trend will not be changed.
And GBP/USD plunged suddenly on Friday morning. It fell 6.1 percent against U.S. dollar recording high since Brexit poll. Market watchers look as an error such as fat finger.
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