GBPUSD – Bullish Outside Week

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Monthly: Moved higher from the 2016 low of 1.1905. Levels close to be bespoke resistance at 1.4390 found sellers. The price action from April 2018 formed a bearish Outside Bar, often an indication that the rally (correction) has come to an end. For the last seven months we have seen spikes in both directions highlighting indecision. Weekly: A 5-wave pattern was completed at 1.4377 (Elliott ...

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