GBPUSD is in a mixed a view right now on the monthly chart the price is at the top of the descending resistance trendline which suggests that there could be sell opportunity.However if you look at a smaller time frame daily or 4hr it the price suggests a different view. On the 4hr the price respected the support trendline and made an bullish engulfing candlestick. For now im going for a long because of the confirmation on the 4hr chart where the price respected the support trendline and also price made an bullish engulfing candlestick.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.