Recently, GBP dropped almost 130pips and could drop further. This drop is a second retracement to the support line 1.2748 where conservative traders should have a pending buy limit order. On the daily chart above, I expect further drop but should be protected from continuing short by the support 1.2748. My advice, wait for the current bearish move to end around 1.2748 then buy GBP towards 1.3489.
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