GBPUSD touches the lowest level in two weeks!

Hello, cherished companions, yesterday our journey with GBPUSD took us through turbulent waters as we witnessed a sharp downturn. Delving into the fundamentals, GBP/USD has furthered its descent, crafting a 'bearish engulfing' candle pattern that heralds the potential for a deeper plunge. Should the sellers breach the psychological fortress at 1.2600, the path could well be paved towards testing the depths of 1.2500. Conversely, if the buyers manage to reclaim the territory at 1.2700, brace yourselves for a potential consolidation phase ahead.

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