GBPUSD BUY OR SELL?
With a closing wedge formation we expect the price to break trend and make a strong move either up towards the 1.43 arena or short to the next support zone of 1.40. With major fundamental influence coming from gold levels and some heavy data due for US, we remain patient to watch the price action. Our bias is short as this area does attract a lot of bears and there are various technical formations pointing toward a potential drop. We will be watching the pair closely over the coming days and will inform you of our next trade.
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