GBPUSD just broke a long trendline on the daily and weekly TF charts, and established a new low. Currently at the .236 retracement level. I'm bullish to between the .50 - .618 retracement level (1.38000 - 1.39000). Short to the .236 area (1.35000) for a retest of the new trendline.
<ALTERNATE PLAY>
GBPUSD is currently at the .236 retracement level after breaking an uptrend. A continuation of the downtrend at this point occurs and validates the new trend. BEARISH to 1.308
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