Short Term Buy ( pullback ) Consolidation
GBP has seen a lot of Bearish Pressure and with the failure to break and meaningful highs on the higer time frame, constant 23.6 retracements are sign of continuation/ consolidation , has struggle to break past the lows, based on the technical and market sentiment its ranging between 0.00% and 23.6 % . Any news could shoot gbp/usd in any direction right now overall gbp is bearish as a currency.
Note
bearish pressure will be monitored to see if it breaks through support! Trade active
seeing bullish pressure we were expecting no true break has taken place on the lower time frame.
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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.