No changed in our view, GBPUSD remains in downtrend. As long as 1.5712 key resistance holds, downtrend from 1.5997 is expected to continue and next target would be at 1.5300-1.5400 area. On the upside, a break above 1.5712 could indicate that the fall from 1.5997 has completed at 1.5464 already, then the following upward move could bring price back towards 1.5997 previous high.

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