The weakening of the GBP basket is likely to amplify as more negativity surrounding Brexit emerges and another Covid lockdown. The Weekly counter trend line was broken to confirm the Bearish Probability. I expect price to fall to the 1.2300 area (Daily Down Fibonacci 1.1618). There is a Down Fibonacci ABCD swing on the Daily chart but due to the fact that the USDOLLAR index is not confirmed Bullish I am going to wait till Monday.
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