GBPUSD reversal from the historical low and long-term falling wedge

GBPUSD bounce off 1.0330

 

GBPUSD sell has eased off and it has bounced from the 1985 low of 1.0350. The fact that we have two days of consolidation is giving us some probability that we could go for the 1.1200 retests. Any new dip to 1.0350 will lead to new buying and bounces.

Note: look for the cautious long trades with the stop loss below 1.0600

 

GBPUSD reversal

 

 

 

 

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