The British pound broke down significantly during the course of the week, slicing through the bottom of the hammer from the previous week. At this point, it looks as if the 1.25 level is massive resistance, and of course the 61.8% Fibonacci retracement level sits right there as well.
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https://www.fxempire.com/forecasts/article/gbp-usd-weekly-price-forecast-british-pound-has-rough-week-649574/
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