GBPUSD has broken below its recent uptrend and top structure. It’s now heading toward 1.29 and could drop as low as 1.273. That 1.273–1.29 zone is key — if it holds, we could see a new strong uptrend toward 1.40 and above. The bearish move stays in play as long as price remains below 1.34. But the bullish case also stays valid if price holds above 1.273.
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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.