GBPUSD is trading near the downward sloping trend line signifying resistance at higher levels, further on Monday the currency pair ended in a doji candlestick formation signifying indecision at higher levels. It declined from 1.3313 in the previous week suggesting selling at higher levels, short term charts corroborate the above observation signifying an impending correction. It would be prudent to say that GBPUSD could decline towards 1.3180 & 1.3130 while it sustains below 1.3260.
Technical Analysis Team
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