GBPUSD,
Daily remains bearish below 1.30. H4 remains bearish as long as TL and R@ 1.28 hold. It looks like a bearish flag. There is bullish divergence on RSI, if it breaks above 1.28, it will have upside potential.
Weekly COT data: GBP long 3K vs 2k long last week. Longs increased by 1K
On monthly chart, I see 1.26-1.2630 as a potential buy level.
Daily remains bearish below 1.30. H4 remains bearish as long as TL and R@ 1.28 hold. It looks like a bearish flag. There is bullish divergence on RSI, if it breaks above 1.28, it will have upside potential.
Weekly COT data: GBP long 3K vs 2k long last week. Longs increased by 1K
On monthly chart, I see 1.26-1.2630 as a potential buy level.
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