26-18 bear setup on the GBPUSD may be underway

As the battle continues between the bulls and the bears at the 1.5265 zone, A 26-18 bear setup is underway. As the market is in consolidation mode we could see the Pound retrace to the 0.618 level at 1.5253 where we can look to get short. Remember there is a massive structure resistance zone above at the 1.5265 zone.

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