Gbp/Usd Market Outlook
Context:
price found support at the 50% level of the previous rallie which is a sign of strenght,
we even took out the 50% level of the correction, this pair is still strong. we currently
found a minor resistance level @5700ish any break of it to the upside and we will head back
to the current highs @5800ish
signs of strenght:
rejection at 50% retracement
broken supplyline
broken 50% retracement
signs of weakness:
none
price found support at the 50% level of the previous rallie which is a sign of strenght,
we even took out the 50% level of the correction, this pair is still strong. we currently
found a minor resistance level @5700ish any break of it to the upside and we will head back
to the current highs @5800ish
signs of strenght:
rejection at 50% retracement
broken supplyline
broken 50% retracement
signs of weakness:
none
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