It seems that the market is still dramatizing at this point in time, and I think that most traders would have fallen for the current bullish movements on GBPUSD, but this will not last for too long, because the general trend of the pair is bearish still. I expect a bullish retracement after which the pair hit around 1.2697 last week, now I expect the bullish momentum to be halted at most around 1.2951 resistance level.
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