GBPUSD is coming lower, much deeper than we thought. However, decline is still looking corrective, then only question is if that's wave 4 or is it higher degree pullback, like wave two. In both cases we think that there will be a bullish turn in the next few days, but would need a break above 1.4096 to confirm a reversal and new push back to the highs.

The cable posted a white candle on the daily chart and a hammer on the weekly. They both point higher.
KEY LEVELS
SUPPORT RESISTANCE BULL/BEAR LINE
S1: 1.3970 R1: 1.4030 1.3600
S2: 1.3892 R2: 1.4100
S3: 1.3824 R3: 1.4150
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