GBPUSD price recovered nicely from the last down move.


Now it came to an interesting spot, 61.8% retrace on last down move, blue marked level of previous event, MPP and also trend line. I marked two possible options. We need to wait for price action signal on daily or 4h chart before making any trade. Don’t forget that this pair is still in a down trend on master weekly chart, so short positions are favorable.
There is no major red level news ahead of us in future 24 hours neither in UK, neither in US.

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