GBPUSD is facing 1,200 USD

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Today, GBPUSD decreased by 0.03% to 1.206 USD, reaching its lowest level in the past seven months from the previous session at 1.205 USD.

Although GBPUSD is currently moving sideways after the decrease, the downward trend still dominates across different time frames. Therefore, there is a possibility that the price will drop to 1.200 USD.
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