We can see GBPUSD is now at a resistance level @1.2350 price level. We could see the recent rise in price for GBPUSD and what I am expecting now is a fall in price level to the support level @1.2050. After which, we have to keep a look out at the candlestick and if it heads towards the bullish side we can see it going all the way to 1.2800 price level. If it breakthrough the support level, I can see a possible "W" formation forming. As of now, I will short this pair.
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