Following the two false breakouts above 1.1265, GBP plunged further down thereby breaking below a short term support line 1.2648. I'm waiting for minor pullbacks to the just broken support line to short GBP towards 1.2350. On the 4 hour chart above, a short position around 1.2648 looks more ideal and can be recommended. My advice, wait and short GBP upon a clear retracement towards 1.2648.
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