GBP/USD Price Analysis: Bulls are stepping in with significant correction eyed – by fx_ross GBPUSD Technical Analysis
prospects of a significant correction in the days ahead if the bears cannot get over the line. The following illustrates this on a daily chart and weekly charts.The M-formation is a reversion pattern and should the price be unable to break the lows then a correction could be on the cards towards the 38.2%The weekly M-formation offers prospects of a far deeper correction into the neckline near 1.1993.
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