DeGRAM

DeGRAM | GBPUSD in consolidation zone

Short
FX:GBPUSD   British Pound / U.S. Dollar
GBPUSD is basically in a consolidation zone. It's bouncing between the support and resistance levels.

Price action has previously rebounded from this 1.27500 level.

The market broke and closed below the psychological level at 1.28000, creating the false breakout.

We expect a retest of the lower boundery of the consolidation zone.


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