Weakness on The GBPUSD

Weakness on The GBPUSD


Last post: June 10th. See chart.

Review: Price had pulled back to a resistance zone and producing indecision candles, a good sign of exhaustion in the pullback.

Update: Price has weakened over 100 pips today but a break and close of the pivot support is still required.

Conclusion: Standing aside until the low of May is cleared for entry points into the bear trend.

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