GBPUSD has failed to break the key 1.3500 level in July. Yesterday’s close below 1.3050 followed by today’s re-test as a new resistance is a good test for the BEARS. Wait for a DAILY close below 1.3050 as a move from this price would open a path to 1.2790. A close back above 1.3050 would target the July highs near 1.3500.

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