GBPUSD: Is The Market Shifting Bearish Next Week?

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Welcome back to the Weekly Forex Forecast for the week of Aug 11 - 15th.

In this video, we will analyze the following FX market:
GBPUSD

The Monthly TF chart shows a very bearish engulfment of the June candle by July's candle. August has retraced 50% of that Friday. Prices are now in premium of the range.
- Pound holds gains as markets price out September BoE easing
- US Fed leadership speculation and mixed central bank signals dominate sentiment
Price has stalled with Friday's retracement higher. It's likely to range until Tuesday's CPI Data.

Wait for valid sell setups, as there was a shift in the market from bullish to bearish.

Enjoy!
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