GBPUSD price action is in a bullish mode, but it is facing increasing bearish challenge as it tackles the upper boundary of the 1.23490/1.26170 major horizontal resistance zone (purple); a zone which has remained intact for several weeks. Although the dominant technical structure is bearish, as a medium-term swing trader, I will not be trading this pair until I see an upward liquidity grab at an area of value followed by a bearish change of character on the H4/H1 time frame.
I may be wrong. Trade safe and prosper.
KP
I may be wrong. Trade safe and prosper.
KP
Do your homework, follow the footprints of smart money
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