GBPUSD has had a nice bull run recently. Price did gap down at the weekend, but yesterday a bullish engulfing candle formed indicating that bulls are still in command. The signal has formed above a s/r area and is aligned to the recent trend line. Things could get a bit choppy midway, but the next major resistance is around 1.3370, where H-resistance intersects with a downwards trendline.
Order cancelled
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A Bearish engulfing candle now appeared. Looks like there is weakness. Order cancelled.