Intraday Bias:Bearish
Weekly Bias: Neutral/ Range before another leg down
Key Support Zone: 1.25316-1.26782
Key Resistance Zone:1.30275-1.29830
GBP/USD dropped last week and hit as low as 1.2822. Initial bias stays on the downside this week towards our key support zone where buyers may reappear. On the upside, above 1.2971 minor resistance will turn intraday bias neutral and bring consolidation first, before another sharp decline decline in price to make another new low.
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