GBP/USD: Beginning to see signs of a medium-term high potential high 2012 after the market is down and withdrew from the region of 1.6300. Essential support now is 1.6075 and a break and a closing below that level will confirm bearish bias and accelerate the decline to 1.5800 below. Ultimately, only a break back above 1.6300 would deny and give reason for reconsideration.
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