If we look at Cable's 4-hour chart, we can see that there are hidden deviations between price movements and the Stochastic Oscillator indicator which indicates that in the near future GBP/USD has the potential to be corrected down to the 1.2084-1.2064 area but if it is on its way to the level suddenly reversed to rally up and break above the 1.2269 level. This condition will automatically cancel the decline scenario that has been described just now.
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