GBP Post-Gap Drop Followed by NY Session Recovery
After the opening gap, GBP initially dropped but managed to recover during the New York session. This price action suggests a potential bullish bias, as buyers stepped in to absorb the sell-off. However, the overall trend is still bearish and key resistance levels should be monitored before confirming further upside. Stay cautious and manage risk accordingly.
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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.