GBPUSD has faced three significant bearish pushes right into a major support zone but has failed to break through.
This inability to breach the support, despite repeated attempts, signals strong buying interest at these levels.
Consequently, this consolidation and failed breakdown indicate a potential bullish reversal, with the expectation of a considerable rise from this zone as buyers regain control.
This inability to breach the support, despite repeated attempts, signals strong buying interest at these levels.
Consequently, this consolidation and failed breakdown indicate a potential bullish reversal, with the expectation of a considerable rise from this zone as buyers regain control.
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