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Mrsam36

A big candle we see of sell gbpusd time to sell read the caption

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
Mrsam36 Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Chart Patterns Trend Analysis Fundamental Analysis Forex forexsignals forextrading forextrader forexpower
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Today, the GBPUSD experienced an upward movement, driven by a wave of dollar selling in response to lower interest rates. However, the pair's momentum encountered resistance at a key technical level—the 200-bar Moving Average (MA) on the 4-hour chart. This same MA had previously halted the pair's advance a week ago, leading to a decline in price. The fact that this level has now twice acted as a barrier underscores its significance for future trading. A sustained position below this level would indicate that sellers are maintaining control. Currently, the 200-bar MA is positioned at 1.2661 and is trending downward
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