On GbpUsd, we could be seeing a potential trend reversal in the works. Looking on the daily timeframe, price has recently extended into a weekly resistance level and had a bearish reaction. Price is currently sitting around the daily support level for the time being. Waiting for a break and retest of this level, before looking for shorts.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.