GBPUSD: Strong Sell Momentum Built Up! What is next?

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GBPUSD is building strong sell momentum, increasing sell volume. At the same time, DXY is in correction mode, so keep that in mind. If DXY plummets again, it may invalidate our first entry. However, there’s a second entry that could be a safer zone for those looking for a stable entry.

There are three take profit targets that can be set according to your trading plan. This analysis doesn’t guarantee that the price will move as described.

Good luck and trade safely!

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