My view is that the GBPUSD will continue to be range bound. The ZigZag pattern shows that the movement upwards is done and now the downwards movement will continue. Hence, I also don't buy the past few candles that suggest further upwards movements for GBPUSD.
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I was definitely wrong on my view of gbpusd weakness - which as also supported by bearish report from the IMF on a shrinking UK economy and inflation. In any case, I took the loss and closed off the 2x short GBPUSD position - losing just below 1% of my account.