On the GBPUSD daily chart, we can see that the pair is testing the 200 SMA 1.3538 level ahead of the BOE decision today. A break below this level would lead to a further downside continuation. For that, we need to see a daily close below the 1.3480 level.
Note: look for the short trade entries only on a clear daily close below the 1.3480 level.
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