capitalpropertiesfx

GBPUSD back in the consolidation area

FX:GBPUSD   British Pound / U.S. Dollar
4
I'd say that this pair is at crossroads. A break from the consolidation area could go both ways as we have plenty of good arguments for both bears and bulls. In short-term, I would not be suprised to see further downside but in middle-term I'd say the uptrend is fully intact. Whatever is going ta happen, I am going to stay away from this pair until we move further away from that consolidation area.

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