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Gbp/Usd is falling fast after CBI realized sales fell far beyond expectations to -44. This is a leading indicator of consumer spending as retailer and wholesaler sales are directly influenced by consumer buying levels; such a bad reading is sending Gbp down. Technically, this 4 hours candle open just under the 20 SMA that lost good part of the bullish steam, but yet does not turned down. Indicators are pointing also to the downside, and the pair has just rebounded in a small ascendant trend line around 1.4542. Break under that minimum, will trigger more selling pressure in the pair, with next supports at 1.4478, the tough zone around 1.4440, and finally 1.4393. We have a gap around 1.4600, but only above 1.4620 the pair can move to the upside, with next resistances at 1.4656 and 1.4700 zone.
