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ForexWizard01
Nov 9, 2023 8:31 AM

GBPUSD possible buy area! Long

British Pound/U.S. DollarFXCM

Description

GBPUSD experienced a continuous downtrend in its latest session, but the descent was tempered by a rebound towards the session's close. An interesting observation is the appearance of a bullish pin bar pattern on the daily chart, signaling a reduction in selling pressure. This implies a possible end to the correction phase and an increased probability of the price returning to its upward trajectory, in line with reversal signals seen in the previous session.
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