The Pound is coming under pressure and setting for a break lower

The GBPUSD is under pressure and may cave in if the Dollar rallies. We are watching now for a break down through 1.2820 off a lower high after previous washouts of resistance and trapping of buyers. If the momentum down continues we are happy to jump in short on a shoulder entry setup. Watching now for a retest and hold for the 1.2850 zone.

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