I'm not the biggest fan of the FX market but this thing looks like it just wants to die. GBP is staring into oblivion, if it tips over there is a low way down
There or only a few levels holding this thing up. If these levels go then I think things will get bloody and very ugly. I don't see any set ups at the moment but they will show themselves.
1.20000 looks pretty as a first stop, price is hovering above last week's low. If that low gives alarm bells go off in my head.
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