GBP/USD shows signs of temporary bullishness

Updated
Although the larger picture suggests lower prices, in very short term, GBP/USD shows signs of bullishness that might drive the pair towards the 1.2875 area.

BUY at 1.2845
SL at 1.2800
TP at 1.2880
Trade active
The trade is still active. It is now time to update the TP to 1.2900. SL remains the same at 1.2800
Trade closed: stop reached
Prices reached my SL for a -45 pips loss. The pair is not yet a sell though. It is still very likely that it will bounce on BoE later today.
Support and ResistanceTrend Analysis

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