GBPUSD short
After a target hit in the previous analysis bears lost momentum allowing a retrace to a critical zone around 1.2500. Bears have regained strength as predicted leading the down trend to lower price levels. A critical target support zone can be established at 1.2200 where price should either consolidate or go into a reversal trend. A partial profit (Take profit 1) can be set at 1.2350.
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