GBPUSD could be setting up a long swing opportunity within the next days. We made it into the turn around area today. So far a signal to turn is missing. Price could still go all the way down to the blue line. Therefore keep it on the watch list for now and look for turning signals. Also bear in mind that on thursday the BOE will have a meeting about interest rates which should bring volatility into the pair.
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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.