FX.co ★ GBP/USD
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GBP/USD
On the GBPUSD daily timeframe, we are currently in a week of correction within a downtrend. From a technical standpoint, I see a potential reversal to the downside here, especially considering the current strength of the US dollar fundamentally. The area around the 38% Fibonacci level and the trendline zone seem suitable for this move. We are close to seeing a reversal candlestick pattern forming.
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