GbpUsd is nearing a resistance zone, it's likely that from this area the area there will be a strong wave down specially if the 1st lower range breaks. This will make 1,2580 a nice target to use as take profit on GbpUsd pairs.
I dont expect the 2nd lower range to break straight away after it, a wave back up touching the 1st lower range is more likely but if the 2nd lower range breaks than 1.2240 is next!
I dont expect the 2nd lower range to break straight away after it, a wave back up touching the 1st lower range is more likely but if the 2nd lower range breaks than 1.2240 is next!
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