Weak Rejection of Supportg

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Last week we were watching this pair as price reversed lower and moved back into the old daily resistance level.

Whilst price has now held at this level as a new price flip support level, the rejection has been fairly weak so far. We may have expected to see this level hold with a little stronger push back higher.

Whilst the strong rejection may come, so far we only have a small indecision candle at this support level.

With that in mind it could be best to watch this play out a little further until we see some more defined price action

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