Originally Posted by
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hello there
Appearing in at the hourly chart, the GBPUSD rally out of 1.4554 is obviously corrective. Even though this could be the launch of a flat or triangle, it might also be a finished correction at 1.5539 which will lead to new lows. Further, the decline from 1.5539 counts well as an impulse. I had been on the lookout for a rally back to the 1.50/52 zone in order to acquire bearish, however, 1.4819 is the bulls could muster. Remaining below there retains bears firmly in control.
Regards