GBP/USD chart: Key trendline broken, room to fall b/on fib extension

FXStreet (Bali) - GBP/USD had been respecting an ascending trendline coming off June 2013 lows up until Wednesday, when the re-pricing of Fed policy rates by the market saw the level broken. A simple fib extension calculation taking as reference recent highs down to the point where the trendline intersects suggests a potential slide towards 1.63 in the days/weeks ahead.

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