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GBPUSD heavy at yearly resistance

The GU is testing and rejecting a massive level in historic price action. The 1.3670-1.3680 is the lows of February 2018, level that after price broke to the downside the Pound went on a -16.80% move (-2300 pips) until it bounced from the 1.14 level back in March 2020. Prime Minister Boris Johnson just commented […]

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GBPUSD with upside potential

The Pound-Dollar has rejected a key level (1.3440) and started to rally after breaking out of a reversal pattern. We are still inside a short term bearish structure (orange) and sellers are in control right now below the next key level (1.3525). If buyers break with this key level the immediate bullish structure would be […]

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