GBP is currently rallying around 1.2715. Yesterday, GBP declined steadily and is still showing signs of continuing even lower. While the price is below the line 1.2738, I expect a spike to the lowerside with my ideal take profit at 1.2117. On its way to the lowerside the key lines to look for include 1.2445, 1.2262, and 1.21. If these lines are clearly broken, then I expected further bearish momtum. As it is, only sell position looks ideal, but should the price break above 1.2738, then this could offer me a good buy place.
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