GBP/USD Price Analysis: Sellers could be about to make their moves – by fx_ross GBPUSD Technical Analysis
The price imbalance is the greyed area on the chart above the price where the bulls have yet to turn up at the start of the week. A retracement to fill the void would be expected in due course. The scenario above presumes that the price will be pulled towardsThe daily chart shows that the price has already retraced to the W-formation's neckline although there could still be plenty of sellers on the sidelines according to the wicks and a fuller retest of the neckline near 1.
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