GBPUSD broke and closed below a key daily horizontal support.
After a breakout, the price retested the broken structure
and started to consolidate on that, forming a range.
Bearish breakout of the range is a strong intraday bearish confirmation.
It increases the probabilities that the breakout is valid.
We can expect a fall at least to 1.254
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.