Pound Sterling Extends Declines for a Second Day

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The British pound sterling is posting back to back losses for a second consecutive day. But price action remains confined within the 4 January range.

To the downside, the GBPUSD will be testing the support area near 1.3500.

However, a close below this level could keep price action trading flat with the floor coming in near the 1.3150 level.

The upside bias remains intact as long as GBPUSD is trading above the 1.3500 level.

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