As we showed already in our analyses on Monday 03. of August, we were expecting that price will come back to test support at 1.55. Today price reach that level again so bulls can come on board and trade it with up trend.

Trend line was also respected.

gbpusd-d

Bears should wait for break of Trend line and support and a retest from bellow to enter short.

Long positions are favorable.

Tomorrow there is no major red UK news, we have NFP news from US.

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