GBPUSD Approaching Decision Area

FX:GBPUSD   British Pound / U.S. Dollar
81 0 1
This pair is approaching an area of interest. It is defined by recent support area turned resistance and the .50 retracement of largest move up. In this area, I will look for price action to distinguish whether or not it will continue down or have a larger pullback. This area is from 1.59 to 1.60. We discuss this in the Weekend Preview. Check it out here:

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