The weekly clean low 1.2033 as a liquidity pool is acting as a magnet area for the Cable now. The global pandemic of the coronavirus will be push the GBP/USD pair to move down with the first target at the 1.2194 before the Cable sinks to 1.2033. As long as the pair does not retrace upwards higher than 1.2625-1.2650, the odds are that GBP/USD will go down to reach the 1.2033.
The overall bias of GBP/USD is bearish.
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