Gbp continues to drop in price despite my previous analysis that it could rise upwards. I expect this downward rally to be a retracement rally towards 1.3138 where I'll be looking to re-buy Gbp with my take profit at 1.3665 and stop loss below the red dotted line, 1.3066. If the support line 1.3138 is broken, then the price will continue to plummet towards 1.2810 where I'll be looking for another buy position.
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