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GBP/USD: Break Down?

GBP/USD: Break Down?

GBP/USDCurrently we are 1.2215 in a range and channel. If we can break this slope support, we are looking for an initial move to the 0.214 Fibo @ 1.2136 and an overall target @ 1.2090. The average daily true range (ATR) for the pair currently is 96 pips.

GBP/USD Hourly Chart

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