FX_IDC:GBPUSD   British Pound / U.S. Dollar
Although GBP pairs mainly move in ranges with the strength of DXY , GBPUSD manage to break below strong support area at 1.3000. now that the favor are on to downside move, ideally waiting for a retest of the broken support to confirm the new resistance will validate the setup. look for a high test candle closed below the highlighted zone before placing short trade.

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the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
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