GBPUSD: The pair may have followed through lower to build on its previous week losses but needs a decisive break and close below the 1.4473 level, its 2010 to resume its broader weakness. If this materializes, the pair should push further lower towards the 1.4511 level, its April 26'09 low and then its April'09 low at 1.4396. Its weekly studies are bearish and pointing lower suggesting further weakness. To reduce its current downside weakness, a return above the 1.5052 level, its May 10'10 high must occur to pave the way for a more strength towards the 1.5127/25 levels. A reversal of roles is likely there thus turning the pair back down again. However, if a loss of there occurs the 1.5389 level and then its April 15'10 high at 1.5521 will be targeted. Beyond that level will resume its recovery towards the 1.5574 level, its Feb 23'10 high and then the 1.5814 level, its Feb 17'10 high.
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