GBPUSD is basically in a consolidation zone. It's bouncing between the support and resistance levels.
Price action has previously rebounded from this 1.27500 level.
The market broke and closed below the psychological level at 1.28000, creating the false breakout.
We expect a retest of the lower boundery of the consolidation zone.
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Price action has previously rebounded from this 1.27500 level.
The market broke and closed below the psychological level at 1.28000, creating the false breakout.
We expect a retest of the lower boundery of the consolidation zone.
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Share your opinion in the comments and support the idea with a like. Thanks for your support!
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