GBPUSD is breaking below 1.2900
GBPUSD has broken below 1.2900 resistance last week. This was the channel support and downside resistance, also an important level for the downside extension. As long as the pair is below the 1.2900-1.3000 zone use the possible bounce for the short trade entries only.
Note: look for the short trade entries with the stop loss above 1.2850
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