Welcome back! Let me know your thoughts in the comments!
** GBPUSD Analysis - Listen to video!
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The area you're looking at for support failed to break the high on the H4 after the change of character to the upside so price will eventually sell lower to the POI that starts just below 1.25500 and from there we should see buys toward 1.31500.
BKTradingAcademy
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@mrbrigance Good view and I agree with you. I don’t particularly find the price action attractive to trade while it’s in the daily range. Just sharing a short-term perspective for those who may be interested. Good luck mate!
JoeChampion
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i think GBPUSD may just chop around
BKTradingAcademy
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@JoeChampion, Probably so. It's been trading in its range for a while. I'm ready to see a breakout and clear direction. :) Let's see.
JoeChampion
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Since two voted for a rate hike in BoE, i like the GBP strength but i would prefer going long for GBP against other weak currency since the environment of the dollar is positive now
BKTradingAcademy
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@JoeChampion, I strongly agree! Good point. Great to hear from you, buddy! :)
Setupsfx_
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While GBPUSD previously have the done the same when it came to the marked red area you have. This time it looks like it might just continue the drop.