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On Tuesday Pound/Dollar decreased significantly with almost 130 pips. The Cable depreciated from 1.6115 to 1.5988 yesterday, in converse with the positive money flow sentiment at almost +12%, closing the day at 1.5991. Today the British Pound dipped further, reaching down to 1.5933. On the 1 hour chart the new downward channel has resumed, while on the 3 hour chart new range trading is emerging.

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