GBPUSD bearish correction needed
Price is consolidating. Don’t expect some magical breakout to the upside without correction to the downside first. Majority of the market is long on GU so do the opposite. Trendline traders are riding buys while sellers collect orders to flush them out. The inverse head and shoulders also looks too easy. If it’s seems like it’s too good to be true…..then it is. Dollar strength expected next 2 weeks as well.
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