Consider this technical perspective if you are tracking the GBPUSD this week. The GBPUSD market, which has been bullish for quite a while, is presently experiencing an increase in bearish pressure. On the daily time frame, price action is within a rising wedge (blue). Presently it is in a sideways mode as it tackles a confluence zone – the wedge resistance trendline and the 1.36500/1.37000 horizontal resistance area (red). Technically, such a situation makes price action amenable to a bearish rotation.
I may be wrong. Trade safe and prosper.
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