GBPUSD WEEKLY PERSPECTIVE
The bullish reversal patterns that led to a bullish close on Friday (refer to pink highlighted area) have lost their power with today’s close below CR. Bears are back in control and ST1 can expect to be tested. The question is, will ST1 hold or give? Should it break, we’ll see WST4 and beyond. Should we get a close above CR again, then bulls will have the advantage once again.
What’s the verdict?
Read full analysis here.
Blessings
Techno4xTeam
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