I am bearish on GBP/USD from 1.2423. According to the projection of this re-distribution, GBP/USD may visit the level of 1.2200 in next period. Firstly, I would like to see a breakout of support at 1.2395.
This is classic re-distribution by Richard Wyckoff since we got mark down in the background.
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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.