jorhl

GBPUSD back down

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FX:GBPUSD   Libra Esterlina/Dólar Americano
I sense something coming here. Price potentially will consume the stops places above the weekly highs and I expect the momentum to kick in there and then. If the 78,6 fib retracement level would have been enough, momentum would have kicked in already. However, I see a pattern here, If something is too easy, it probably means it has been priced in already. Therefore, expect a push up before price can continue the bearish move.
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