GBPUSD Price Analysis: Bulls move in and eye a significant correction – by fx_ross GBPUSD Currencies Technical Analysis
GBPUSD bulls look to move into the 50% mean reversion area of the prior bearish impulse on the daily chart. , from an hourly perspective, we have the bulls sitting at key support. fending off the bears as follows:To put the upside prospects into the context of a higher time frame, then the four-hour chart shows a significant price imbalance between 1.1250 and 1.1380 if the bulls can get back above 1.1250.
In doing so, the bulls will be on track for a move into the 50% mean reversion area of the prior bearish impulse on the dailyInformation on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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