After a drastic drop in price yesterday. Gbp is currently recovering slightly to the upper side but in peanuts. Gbp is still very bearish and buying Gbp now cannot be recommended. As it is, I'm waiting for a clear sell signal to short Gbp with my take profit fixed at 1.300. On the way downwards, the key lines to look for include 1.3038, 1.3113, and 1.316. If these lines are breached, then a drop towards 1.30 is more ideal. On the other side, if the price gets above 1.3165, then I may consider a long position towards 1.3225
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