DAX And GBP/USD: Further Losses

The DAX extended its losses and broke below 15900. Thus, the 16000-handle turns once again into a resistance rather than a support. We now see a next support at around 15700.

GBP/USD: The cable seems to be primed for at least a test of 1.2290, and could be vulnerable to further losses. For sterling bulls to regain strength we would need to see prices above 1.2560.

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