GBP/USD Technical analysis

FX:GBPUSD   British Pound / U.S. Dollar
The chances of a Brexit deal took a nosedive, since reports circulated in the media that DUP could dodge the deal in UK parliament.
There has considerable longs in the counter and hence, we expect traders to trim their position.
Technically, the counter has broken down a critical level of 1.27271 and so, it could move to the next support level of 1.25381.
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