Short GBPUSD, Breakout occurred downside

FX:GBPUSD   British Pound / U.S. Dollar
29 0 0
GBPUSD             pair has been under pressure since brexit, it recovered after touching all time low 1.19048 and traded few weeks in up ward direction but it closed on weekend breaking the up trend channel support. The pair is now again heading towards the previous support 1.21229. traders may enter short this pair on retest of the new resistance 1.23838 with a target of 1.21229 in near term.
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