FXstreet.com (Barcelona) - The Pound has broken below the support zone it was trading during most of the Asian trading session, reaching a new intra-day low at 1.4600.

According to Tim Salem, collaborator at FXstreet.com sustained decline below 1.4620 might drive the the Pound to levels under 1.4600: Failure to maintain the 1.4619 Daily Pivot sees Downside Pressure to the 1.4587 Dynamic Level followed statically by 1.4526 and the 1.4504 Figure Area. Current RSI Readings of 56 favor the current Correction with a slight Downward Slope, albeit Bias remaining to the Upside in the Near-Term.

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