GBP/USD’s fall from 1.2892 resumed accelerated to as low as 1.2425 last week. Initial bias stays on the downside this week for 100% projection of 1.2892to 1.2538 from 1.2708 at 1.2353 Firm break there will target 161.8% projection at 1.2203 next. On the upside, above 1.2511 minor resistance will turn bias neutral and bring consolidations first, before staging another decline
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.