Hello everyone! We are close to reaching the pound target on H4. We have already worked through the minimum, my target was a breakout of the 1.25 level. Now we need to mark the area around the 200 EMA, which is in the range of 1.2550-1.2560. It will be possible to consider selling opportunities there with the aim of pushing the price below the 1.23 level. However, it is too early to talk about a bearish scenario yet, as bulls during the American session may trigger stop losses of sellers by pushing the price above the high, and we need to mark a level at 1.2550 on the upside. That's where we will need to pay attention. As we can see, bulls are currently pushing the price up, there is no signal for a trend reversal downwards.
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