Overview:

From April of this year GBP/USD is in a strong downtrend.
A near support level is near ( around 1.200) a round number.
My expectation is for the price to move further down to meet this support.

Weekly chart:

On the weekly chart you can clearly see this medium/short term downtrend developing.
As you can see the price was rejected several times from 1.200 level.
This should be our target.


Daily chart:
On the daily chart the possible scenario is described.

Support/Resistence levels; 1.430, 1.345, 1.270, 1.200
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