GBPUSD is downtrending with more pullback opportunities
Analysing Forex from The Market side & perspective.
The Market is still downtrending with some pullbacks for traders to open more positions. Right now we can see that The Market is about to stop out buyer positions at 1.2485 which have been accumulated since June,2. meanwhile, we have a new seller positions at 1.2535. For predictions, The Market will make a pullback after it has stopped out buyer positions to stop out seller positions above. This is a good opportunity for traders to open positions.
The Market is still downtrending with some pullbacks for traders to open more positions. Right now we can see that The Market is about to stop out buyer positions at 1.2485 which have been accumulated since June,2. meanwhile, we have a new seller positions at 1.2535. For predictions, The Market will make a pullback after it has stopped out buyer positions to stop out seller positions above. This is a good opportunity for traders to open positions.
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