GBP/USD
The Cable has dropped in the recent sessions and has broken below a medium term support at 1.5640 which signals a likely extension of the downtrend toward the next important support area between 1.5233 (January 2012 low) and 1.5268 (June 2012 low). A break below this area would prolong the current trend. In the short term, resistances stand at 1.5640 and 1.5717. Sell – Stoploss @ 1.5718 – Target @ 1.5234.
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Natixis