GBPUSD breaks below channel

FX:GBPUSD   British Pound / U.S. Dollar
Price has broken below a channel that has been in play since December as well as the trend line support, indicating there may be further to go, MAs are also pointing a further decline but RSI is in oversold territory. There may some amount of retracement to be done first in order for price to continue it's move downards
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