| Sellers in the GBPUSD have intensified their push, resulting in a break below the crucial 50% midpoint of the move up from the late June low, situated at 1.28658. This breakdown is signaling further downside potential. The next target for the bears is the 1.2835 level, followed by the 61.8% retracement of the move up from the June low. Join us as we delve into the technical analysis of the GBPUSD, exploring key support and resistance levels, potential price trajectories, and the implications for traders in this dynamic forex market. |
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