FX:GBPUSD   British Pound / U.S. Dollar
The medium-term trend for GbpUsd is down, with the pair dropping almost 700 pips from the recent top.
Now the pair is in a small correction and has entered the sell zone.
We favor short position as long as the price is under the psychological level of 1.3
A drop under 1.2940 would confirm that the correction is over and should accelerate losses towards 1.2750.

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