I have been closely monitoring the movements of GBPUSD, and it appears that the pair may be due for a correction in the midst of a bullish trend. Based on my analysis, I believe that the correction could extend to the 0.5 Fibonacci retracement level or even to the 0.618% Fibonacci retracement level, which are common levels for corrections during bullish trends.This prediction is supported by recent price action, which has shown a slowdown in the bullish momentum of GBPUSD. Additionally, technical indicators suggest that the market is overbought, which can further indicate a potential correction.
"Stay disciplined and patient"
"Keep analysis simple and concise"
"Have a risk management strategy"
"Trade with a clear mind"
GBPUSD
"Stay disciplined and patient"
"Keep analysis simple and concise"
"Have a risk management strategy"
"Trade with a clear mind"
GBPUSD 
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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.