Sometimes news may indicate a clear direction for GBP/USD, but the market may react slowly or even unpredictably in the short term. Traders should be patient and wait for confirmation before acting.
BXYDXYGBPUSD Currently in a no-trade zone for SWINGS until a confirmation; any price action in this region would be considered unreliable. However, we are observing bullish price action.
The question is whether this is simply a retracement to the downside, similar to what we saw in the first week of November, or the beginning of a new upward trend. That said, the price is currently at a discount, presenting opportunities for both long and short positions.
It's important to take your profits on time and avoid letting losses grow. Keep them small and manage your risk carefully, as market conditions can change quickly.