The GBP/USD is at support. We can spot the marubozu/momentum candle just at the bottom.
GBP/USD Technical Analysis
Momentum at support
Potential move up
M L3 is support
W L3 below additional support
H4 Chart GBP/USD
Swing high
Order block
Mini swing high
Momentum candle
The GBP/USD is at support. We can spot the marubozu/momentum candle just at the bottom. There are a couple of support levels which are holding the bears from progressing further down. At this point we can see that the price is bouncing off the support and there is a possibility of reaching W H3 and the ATR high. At the break of 1.2362 we will see a stronger momentum up towards 1.2460 and 1.2431.
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