💡 GBPUSD: Forecast January 19
Updated
The price has recovered after buyers returned to around the 1.26 support level. Temporarily, the bullish structure still holds although the price has not created a new peak in more than a month. Reiterating that the bullish signal has reappeared (bullish engulfing pattern), you can continue to hold your existing long positions and still place SL below the 1.26 resistance level.
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