Double blow for Sterling

The ongoing risk -off in the equities and Brexit fears is a double blow for Sterling bulls…

As of now the immediate downside target for the pair is 1.3840 (falling channel breached on 15 minute chart).

GBPUSD m15 (02-24-2016 1733)

But, overall if oil prices refuse to rally, we are heading down to 1.3654 (March 2009 low). God save the Pound!

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