GBP/USD has started to turn downwards again. My GBP/USD short order entry was executed at 1.2423. The trade was closed at 1.2400 after the support is held at 1.2380. The price is starting to bounce once again. It may return back to 1.2470 or it may resume its downward spiral to 1.2340. I wait now for the price to reach either extreme to initiate next short trade.
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