The Boss
Short

Sitting at the channel floor.

FX:GBPUSD   British Pound/U.S. Dollar
48 0 0
GBP/USD: Sitting at the channel floor. Yesterday’s bounce from the channel floor has likely squeezed some of the shorts out of the market so the likelihood of a new and perhaps more successful downside attempt must be considered high. Last week’s bearish candle and the weekly bear divergence are two other factors that are weighing on the pair suggesting a soon break lower.
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