British Pound Continues to Decline on Fast Pace Scaling

GBPUSD Hourly (H1) Chart

GBP/USD: The worst performing major global currency British Pound continues to decline on fast pace scaling as low as 1.175 during intra-day activity. However, strong support at key levels has helped the pair remain above 1.18 handle for now. Given USD’s strength, the pair has declined nearly 2% today and shows scope for further declines in US market hours. Traders now await US data for short term scalping opportunities. 

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