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GBPUSD Forex Pair Analysis
Time Frame : 1 Hour Chart
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Watch for Buy Entry Setup
GBPUSD is still grinding lower but lacks the conviction we would expect to see with a selloff. The recent buy alert was cancelled as price pushed lower but we remain convinced that price will head higher. Retail sales were out in the UK Friday night but the negative data was largely factored in so price may now start the squeeze on sellers for a run higher. Watching now for a break up through 1.2208 and then for a higher low to build the entry setup.
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Currency Pair : GBPUSD
Current Price : 1.2189
Status : On watch for a break up through 1.2208
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