mrs_E

GBPUSD headed for the longs

Long
OANDA:GBPUSD   British Pound / U.S. Dollar
Market shorted DXY at the previous high @109.2 . Most of Usd shorts went for GBP longs. The DXY weakness was misreaded as strength in the Euro front. To me , whales went long on GBP, retail went long on Euro.
To me DXY will weaken and GBP will raise to 1.2 , reason for that , is M pattern in the weekly timeframe.

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