Pound drops to trendline + 50-day MA support

1.2873 is the support offered by the former sliding trend line. the 50-day MA is positioned at 1.2873 as well. A day end close below the key level would add credence to the falling top formation and may push the spot down to 1.2750 in the first half of the next week.

GBPUSD D1 (07-07-2017 1921).png

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