GBPUSD has not stopped with the current reduction

Hello everyone! On the daily chart, the downward trend continues. After losing momentum from the level of 1.313 USD, GBPUSD is still on a decline. Additionally, market conditions seem unfavorable and with the tightening of Fed policies, GU has depreciated.

The next target for further decline can be seen at 1.2000 level, which is a strong psychological barrier.

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good luck

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