GBPUSD is retesting the broken downside resistanceÂ
GBPUSD is retesting 1.2300 which is now support for the downside continuation. A rejection here could lead to a downside strong continuation and an extension lower to 1.1600. The bounce from 1.2000 is weak and is losing the steam.
Note: look for the short trade entries with the stop loss above 1.2400
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