Gbp continues to drop in price despite the previous analysis that it should rise. I expect the downward rally that began last two weeks to continue towards 1.2849, where I'll be looking for a buy position. On the way downwards, the key lines to check for rejections include 1.3037, 1.2748 and 1.2624. If these lines are breached, the price will continue to drop in price towards 1.21472 On the other side, if the price fails to go below 1.3060, then I expect a rally towards 1.3597
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