Is GBPUSD sharp rebound sustainable?
Yesterday's sharp rebound was surprising. Price solidly broke thru Day 200 SMA and is heading towards hourly 200 SMA. I will look for a bounce there. ECB meeting today could muddy up the price action, since EURGBP is tightly connected to GBPUSD. At this point there is no clear/strong technical levels to watch. Will have to carefully scalp from big levels and big moving averages. Considering where chart will end today, most likely will look for at least a small drop tomorrow.
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