With GBPUSD breaking pass 1.39426, (an area acting as high level of support). The sterling seems like it is on track towards breaking its 2009 low. Right now I expect the pair to retrace back up to around 1.39200 before heading down lower to around 1.37800
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Good time to short?
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Sterling currently hovering above trendline. There's a possibility that it may go higher.