GBPUSD is rejecting off an important resistance
Most recent 4 hour candle is very weak after a huge 4hr pump which shows buying interests is weakening and slowing down and sellers are stepping in to control the price which can be shown by small reacting wicks
the next support area is down at the previous weekly low
Most recent 4 hour candle is very weak after a huge 4hr pump which shows buying interests is weakening and slowing down and sellers are stepping in to control the price which can be shown by small reacting wicks
the next support area is down at the previous weekly low
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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.