The British pound is under pressure after market participants started to unwind their positions as UK voters are going to the polls today. The bearish RSI divergence forecast a first wave of sell-off as buying momentum was fading. The break below the support level of 1.7370 has dented the optimism and triggered a series of profit-taking. The latest drop below 1.7360 is a confirmation that the price may remain subdued until the election result points to a new direction.
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