GBPUSD: Drops below 1.2700 on notable US Dollar demand

Hello everyone, as we predicted, GBPUSD has continued to decline under the strength of USD's recovery. The current trading price is 1.268, firmly holding within the downtrend channel.

The next target is to push this pair up to the support level of 1.2625, after all the previous important defensive measures have been broken by sellers.

So what about you? Do you plan to continue selling this currency pair?

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