As an add-on to my previous analysis to GBPUSD
, I would like to note that the price is consolidating below a long-term resistance from 2011 High. When I look at the previous price action, I see that the price did not close decisively above the pivot
level and is fooling around below. This pair has been very strong recently and showed us no serious retracement in that uptrend, so maybe its time to think short. Let us see.
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