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GBPUSD: Is the Bullish Reversal Confirmed?
📈 GBPUSD Update
The 4-hour chart shows strong signs of a bullish reversal:
- A notable inverted head and shoulders pattern has formed.
- The neckline of this pattern, along with the resistance line of a descending parallel channel, has been broken.
I anticipate further upward movement from this point, with a target of 1.2833.
The 4-hour chart shows strong signs of a bullish reversal:
- A notable inverted head and shoulders pattern has formed.
- The neckline of this pattern, along with the resistance line of a descending parallel channel, has been broken.
I anticipate further upward movement from this point, with a target of 1.2833.
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