GBP USD only retraced from its low as of Covid to 38.2%, so it is not the end
Also it is establishing a Head & Shoulder, so 1.31-1.255 would be a shaking box for the following weeks. Would not be straight drop but it is the trend.
Last, Elliot wave also support it at 4 for bounce and ready for 5 accelerating jump .
Chart PatternsTrend Analysis

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