Gbp failed to sustain the breakout below the neckline, 1.2922, instead, the price oscillated below 1.2922 for a couple of hours and then back above. I'm flat temporarily waiting for a clear breakout below 1.2922 to continue short towards 1.2819. On the hourly chart above, Gbp looks a bit bullish, but from the double top point of view formation, I expect a drop towards 1.2819 upon a clear break below 1.2922.
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