Fxstreet.com (Jakarta) - GBPUSD breaks below 1.4585 support, suggesting that the uptrend from 1.3654 (Mar 11 low) has completed at 1.5066 level already. Further fall is still possible in a couple of days, and the next target would be at 1.4200-1.4250 zone.

Initial resistance is at 1.4600 followed by 1.4675, as long as the pair stays below 1.4675 level, the short term downtrend from 1.5066 will continue, said Franco Shao, an analyst at ForexCycle.com.

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