GBPUSD critical area
Updated
I'm expecting the USD to strengthen against most pairs and we are currently trading off one of the detected ranges with the dashed lines. Failing to bounce from Cyan color EMA and failing to remaing in the longterm ascending channel will trigger a fall following the detected pink channel with dotted trendlines.
1.341xx could be the target for bears while bulls are aiming at 1.43. Pick your bet ;)
1.341xx could be the target for bears while bulls are aiming at 1.43. Pick your bet ;)
Trade active
and it bounced from the EMA (cyan) trying to escape from the inevitable... I remain bearish at the moment.
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