GBPUSD downside continuation

GBPUSD downside support hold

 

GBPUSD has been rejected from 1.2250. This is a downtrend line and a previously broken strong downside resistance. A break below 1.2000 will confirm the downside continuation and will lead to a price action acceleration.

Note: look for the short trade entries with the stop loss above 1.2200

GBPUSD downside continuation

 

 

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