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The British Pound (GBP/USD) experienced renewed selling pressure on Monday, sliding back to retest the crucial 1.3470 support zone. This technical boundary aligns with the 38.2% Fibonacci retracement of the 1.3140 to 1.3675 rally and is further reinforced by the rising 55-day Moving Average alongside a trendline drawn from recent lows. Repeated tests of this pivot area highlight ongoing vulnerability in the pair.
