GBPUSD strong downside support retest

GBPUSD is testing a previously broken strong downside resistance

 

GBPUSD is pulling back to retest the 1.2000-1.2200 zone. This was the broken downside resistance now acting as downside support. This downside support must hold for a continuation lower to 1.1200. A break above 1.2200 is required for a relief reversal rally higher.

Note: look for the short trade entries with the stop loss above 1.2100

 

 

 

 

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