GBPUSD is currently showing heavy bearish momentum on M15 as the overall daily structure is an uptrend that's currently in a pullback phase. The bearish impulse moves are starting to get stronger and the pullbacks are starting to increase as well. I'll be looking for the market to pullback into the previous support zone to test it as resistane.
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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.