Considering that there are US non-farm payrolls data in the evening, and the US dollar index has reached a strong support area, there is a possibility of stopping the decline in the short term and there is a rebound demand. In addition, the short-term increase of GBPUSD is huge, and there is a need for a correction. Therefore, it is recommended to look for opportunities to buy again, to wait for another rise; or try a small short at the current location, and strictly stop loss protection.
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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.