Josebaptista23_

GBPUSD Retracement before impulse move to the upside

FOREXCOM:GBPUSD   British Pound / U.S. Dollar
Since price failed to close above 1.42000 that indicates that bulls did not have enough momentum to break through that area of resistance that hasn't been broken since April 2018 clearly indicates that its a strong area of resistance. Which that leads to me anticipating price retracing to the 1.41000 area that's been clearly acting as a strong area of support for the past two weeks & if price manages to close strongly below that area than I am anticipating price to retrace to 1.40000 that itself is a major area of support/resistance , key level area & order block zone. Price may wick below the 1.40000 area to fill in the small imbalance under it before having its strong impulse to the upside which I am anticipating for it to go to the 1.42000 area. How ever if there's strong bullish momentum due to this week being nfp then we may see price wick to 1.42500 area since there's an order block there & price has wicked there multiple times in the past how ever that depends on the bullish momentum this week & if price completely violates the 1.42000 area.
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