GBPUSD retraces 38% of the move from 1.03 that started Sept 2022... target is 1.208. Then it retraces to 1.2307 (23.6% of the downward move from 1.32, assuming it reverses at 1.208). Then it drops to 1.175-1.18, 50% of the move from 1.03.
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