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Adios to the Great British Pound

A simple 4 hourly chart with a simple 'technical analysis' for GBPUSD shows a simple bearish outlook for the Cable

The GBP/USD currency pair, often dubbed the "Cable", has shown some dramatic moves on the chart lately. Here's a breakdown of the latest price action and what traders are talking about:

• Trending Downward: The chart showcases a notable drop in the value of the British Pound against the U.S. Dollar. This move signifies a bearish momentum in the near term.
  Source: www.forexlive.com
  
  

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