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its coming down and probably still a long way to go
don't know if there is enough pressure to get past this level today
yea, that's what the daily chart says for the GBP
GBP is overbought so the momentum is to the downside
40 pip spike maybe it will go to 1.30 by the end of the day after a retrace
looks like its going to reverse again since it failed to break past 1.80
1.80 could be a strong resistance my next TP's are at 1.80, 1.82, 1.85, 1.88 for the near/medium term
difficult to say if it will start its downtrend it might bounce off the 20-day moving average and go up
it might break to the downside but that would depend on if it closes below the 20-day moving average