GBPUSD continues its downward movement and the fall from 1.5997 extended to as low as 1.5561. Deeper decline is still possible in a couple of days and target would be at 1.5400-1.5500 area. However, the fall from 1.5997 is treated as correction of uptrend from 1.4230 (May 20 low), another rise towards 1.8000 long term target is still possible after correction.

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