DeGRAM | GBPUSD testing correction levels

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GBPUSD is under the trend lines in a descending channel.

The chart formed a harmonic pattern and returned to the descending channel. The price is still testing several important levels, but is still above the support, which has already acted as a rebound point.

Volumes indicate that the return to the channel occurred with a decrease in market interest, and RSI indicates oversold.

We expect a reversal after the pair consolidates above the upper boundary of the channel.

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