The Technical Confluences Indicator shows that on its way down, the GBP/USD broke below several important clusters of technical support lines. And at current levels under $1.4200, there are very few support lines to the downside. It was triggered by weak inflation. The pair tumbled nearly 100 pips and took down a dense confluence of levels around $1.4270: [...]
The post The inflation-related GBP/USD collapse may have room to run appeared first on Forex Crunch.
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