GBP/USD Price Analysis: Bears could be about to make their moves GBPUSD Technical Analysis
GBP/USD H4 charts, prior analysis
While the above is a theoretical schematic, it identified the key areas of support and resistances in the 4-hour time frame. The micro trendline was under pressure but it was stated that ´´so long as the broader trendline remains intact, meeting 1.2450, or thereabouts, then it would be reasonable to expect the bulls to move in again.´´We have seen a move toward resistance and the Fibonacci scale sees the 38.2% ratio under pressure.
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