GBP/USD Technical Analysis.

FX:GBPUSD   British Pound / U.S. Dollar
Currently, GBP/USD is trading at 1.2564. The pair started a new down trend after breaking the support level at 1.2699. The pair is now trading in a down trend while moving in a lower-low lower-high pattern and the price has already hit the first target at 1.2465. It may hit the second target at 1.2320 if the price goes below the first target.

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