Following the UK’s decision to leave the EU, GBPUSD has already fallen through three key support levels and only one more significant level exists between here and parity, according to Andy Dodd, Head of Technical Research at Louis Capital Markets.
Prior to the Brexit decision, key support levels for GBPUSD were at 1.4079, 1.3843, 1.3656 and 1.3506, below which Dodd says it “is simply air until almost parity.”
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