as DXY is in strong bullish trend GBPUSD will be bearish
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it can be seen that support that had been intact for more than 1.5 years has been violated with a big red candle, which suggests that the pair will continue to be bearish. However, the Dollar is in an uptrend which is a major confluence of the continuation of a bearish rally. Short setups can be found on shorter TFs with higher RR considering the yellow line to be the next target that will be hit which is 1.18323