GBP/USD Technical Analysis 19 July 2018 - New Low and Price Under 1.30!

#GBPUSD

GBP/USD broke the support and formed a new low that covers almost 52 weeks.
Bad news for the Pound contributed to push the price below 1.30, but the currency pair is already recovering the losses, trading right above 1.30 at the moment.
I expect another down-movement and another low in the next days, before having a pullback that may last for several weeks.

Indicators also agree with the strong bearish period.

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