GBPUSD worked as per levels, hitting the top and bottom perfectly. Market closed with an inside bar; breakout soon?
Overall, I am still bullish DXY, looking for a move to 105 near term and price action does point to higher DXY. Nonetheless GBPUSD is somewhat oversold thus would not discount a possible up move first.
Stay bearish below PZ 1.2439-1.2443 while also watch for rejection off BZ 1.2457-1.2471 if market trade higher first.
Overall, I am still bullish DXY, looking for a move to 105 near term and price action does point to higher DXY. Nonetheless GBPUSD is somewhat oversold thus would not discount a possible up move first.
Stay bearish below PZ 1.2439-1.2443 while also watch for rejection off BZ 1.2457-1.2471 if market trade higher first.
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