GBP/EUR + GBP/USD forecasted lower

Modified: Thursday, 25 July 2013 13:31 BST
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"Our preference: Long positions above 0.858 with targets @ 0.8645 & 0.8675 in extension.

"Alternative scenario: Below 0.858 look for further downside with 0.8555 & 0.8525 as targets."

Also under pressure is the GBP/USD:

"Our preference: Short positions below 1.539 with targets @ 1.5265 & 1.522 in extension.

"Alternative scenario: Above 1.539 look for further upside with 1.543 & 1.5475 as targets."

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