GBP/USD Price analysis: Bears stacked up to test trendline support GBPUSD Technical Analysis
The Daily M-formation is in play. The bears will need to commit to any pullbacks, however, on the lower time frames as follows:The pair is testing trendline support but should the bears show up at the 38.2% Fibonacci in any decent size, meeting the 4-hour charts M-formaiton´s neckline, then the bias will start to move bearish again. Information on these pages contains forward-looking statements that involve risks and uncertainties.
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