Recently, a bearish breakout was seen when the price declined below the short term support line 1.2921. I still expect further decline but only after a proper pullback towards 1.2921. That is, although, I expect a momentum downwards, I choose to wait for a pullback to the just broken line to short Gbp towards the next key support line 1.2810. On the 4 hour chart above, short positions looks more ideal and can be recommended unless 1.2921 is clearly broken to the upper side with a big green candle. But as it is, I'm only interested in short positions especially around 1.2921 with my Stop loss slightly above the recent highest high.
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