GBPUSD continues its bearish outlook, and further downside momentum looks very likely.
Here are the details:
The market is trending down, with longer swings consisting of lower highs and lower lows. The previous support level of 1.26034 has been broken, and the market may go back to below the 1.25000 level.
Preferred Direction: Sell
Entry Level: 1.25772
Stop Level: 1.26213
Target Level: 1.24890
Technical Indicators: 20 EMA
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