Killy_Mel
Short

MACRO VIEW: GBPUSD IS BREAKING DOWN

FX:GBPUSD   British Pound/U.S. Dollar
Recently GBPUSD             has broken below lower 1st standard deviation from quarterly mean, initiating a new leg downwards.

If the price continues down from here, the closest target is relevant lows at 1.5150

If those are taken out, price will be very likely to fall to the lower 1st standard deviation from 1-year mean at 1.5000

Thus downwards scenario will be only cancelled by GBPUSD             spiking back above 1.5500 - the level at which 1-year mean and quarterly mean converged now
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