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GBPUSD retests broken Support, can drop this week

British Pound / U.S. Dollar (FX:GBPUSD)  
TraderAvDM  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Beyond Technical Analysis GBPUSD gbpusdshort gbpusdsignal gbpusdtrade gbpusdanalysis
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trendanalysis chartpattern beyondta gbpusd gbpusdshort gbpusdsignal gbpusdtrade gbpusdanalysis
Hello friends, GBPUSD has been consolidating below the 100 EMA on the 4H chart for the last few days.

It has also retested the broken Support and formed a Rejection candle.

In my opinion, GBPUSD has the potential to drop to 1.2240 and even 1.2158 this week.

If price is unable to break the Broken Support-turned-Resistance level, then Traders can look for Sells with targets as mentioned in my chart

Related Ideas

TraderAvDM
GBPUSD can still drop to 1.2158.
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