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Pound

🔥 GBPUSD : First Long , Then SHORT (READ THE CAPTION)With a new review of the GBP/USD chart, we see that the price has finally started to correct after growing up to 1.27350 and has now entered a demand zone, which can be a stimulus for further price growth! Currently, the most important condition for further growth of this currency pair is maintaining the support of the range of 1.24470 to 1.25500! Be careful that after this short growth, the price may fall again and this price series will fill the liquidity voids and FVGs that have been created, which are marked on the chart! Please share your opinion about the possible trend of this chart with me and support us with your likes and comments. Best Regards , Arman Shaban
Short
by ArmanShabanTrading
1
Short Term Bearish Before Going Bullish...?On this 4 hour, this market has maintained its bullishness, printing higher highs and higher lows from over a week now. Prices are currently in a Bullish PB that is forming a high at the moment. Because the market never moves in a straight line, the market is expected to experience some bearish retracement back into our PB, from where it would be expected to experience some reversal before the continuation of the up move. We have refined our PB to a rather smaller zone. It is expected that prices will come right into our zone, and begin to reverse from there. When that happens, prices will be expected to resume the bullish push and go all the way to the 4 hour liquidity target above.
Long
by PanzyPips
GBP/USD looks set to extend its gainsA potentially nice setup is forming on #GBPUSD. High trading activity around 1.2718 during its prior decline could act as a magnet for prices on the daily. The 200-day MA has flipped from resistance to support and no immediate signs of a top on price and OBV is confirming the rally. A strong trend has formed on the 1-hour chart with a potential bull flag. The monthly R3 pivot is capping as resistance, but a break above last week's high assumes bullish continuation. Even if prices retrace first to invalidate the bull flag, it looks like a decent candidate for bulls to seek dips to my eyes and a move towards 12.7.
Long
by CityIndex