GBPUSD Analysis September 6, 2020

On the weekly timeframe we are at a HH. Last week formed a spinning top which is a sign of reversal. On the daily we can clearly see that we are still in an uptrend. Friday formed a doji candle which is a sign of potential reversal but we must go down to the lower timeframe before looking at this to go long. The H4 timeframe is in a confluence zone but still needs to show more signs of reversal before going long. We will need to pop up above the 1.3300 level before considering lower timeframe entry opportunities.
Trend Analysis

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