OANDA:GBPUSD   British Pound / U.S. Dollar
GBPUSD seems to be respecting the steep upward trend line . Pushing hard on the lower bollinger band . Has not retraced much and is a possibility of falling a little more to the 0.5 fib level. Tall upper wick at the end of a downward movement followed by a strong hammer candle showing positive bullish signs. USD fundamentals showing a bearish sentiment and my MT4 stochastic indicator is showing oversold on both the H4 and daily. What does everyone think?


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