GBPUSD has been in a downtrend for about a week. Yesterday showed bullish momentum but the price was pushed back to near yesterday's low. Price couldn't break it. We could see a strong reversal in the coming days/start of next week. I think today's daily candle will be bullish with a long wick to the downside showing bullish momentum. I will take a 3:1 trade following that analysis.
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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.