GBP/USD Price Analysis: Bulls guarding weekly support, eyes on correction By ross_burland GBPUSD Technical Analysis
Bulls eye a significant correction from weekly support. is an interesting schematic on the charts. Following a negative start to the week, where the weekly chart has extended further to the downside, there are now prospects of a meaningful correction from what could prove to be a firm area of support. The following analysis illustrates this from a bullish bias across the weekly, daily and hourly time frames. The weekly chart's demand zone could prove to be an interim level of support.
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