GBPUSD tests the decline
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GBP/USD is testing daily lows near 1.2270 on upbeat retail sales data from the UK. It last traded at 1.2272, down 0.16% on the day.
Overall, we can see that the main trend for the pair so far is bearish, so the downside is that if that happens, it will likely reach 1.205 close to 1.2000.
Overall, we can see that the main trend for the pair so far is bearish, so the downside is that if that happens, it will likely reach 1.205 close to 1.2000.
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