GBPUSD is bouncing off the 1.1400
GBPUSD is bouncing off the strong downside resistance and is correcting higher. This bounce can lead to a 1.18000 retest and even higher for a test of 1.2000 after several weeks of the downtrend. The falling wedge is visible as the bounce from its support line and horizontal historical resistance. As the DXY has probably finished five waves upside and has started correction GBPUSD bounce higher is strong.
Note: look for the long trade entries with the stop loss below 1.14500
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