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GBP/USD January 22, 2016

GBPUSD declines, influenced by trading below 1.4195, which is negative signal and would bring further downside movements.

As far as 1.4390 holds, we will be bearish, while stability below 1.4300 is essential to keep the bearishness available.

Support: 1.4100 – 1.4060 – 1.4000

Resistance:1.4195 – 1.4225  – 1.4300

Direction: Bearish