FX:GBPUSD   British Pound / U.S. Dollar
GBPUSD is in a downtrend and is very likely to continue it, although there is a chance of a retracement happening today

Most likely scenario: GBPUSD will continue the downtrend making lower lows, but there is a high chance that it will bounce up from the 1.29 level and make a retracement

Alternative scenario: GBPUSD will not continue the downtrend
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