Are we still going to move in accordance to our parallel channel or should we expect a breakout? Setup looks quite bearish but anything can happen!
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Keep in mind guys our next resistance is at 8.5250-8.5300, so incase we fail our short here then cancel your position and look to place shorts around the next resistance zone. GBP wont have any news this that can affect the pair too much this week but watch out for AUD!