GbpUsd should see the 2420 area again in coming days after oscillating around the mid to high 2550s. Side note that was a really big miss on consumer confidence. Consumer not happy. Wages still rising. Fed must be exasperated.
As long as this bar stays below 1.07100, chances are for the downside – pretty clear till 1.06750.
For an Up move, what I don’t like is that Uptick in previous Bar – unless something unexpected happens, for any move up we need Time at the first place….several bars..
Went long yesterday EurGbp around 8530 but it is having issues around 8550 so cashed in and now flat and looking to be long again and hold on any attempt to go find lower value.
I believe AudUsd should pull back up in coming hours to around 6525 where there is a good R/R to short and hold if you missed it for a few days if it sticks. Overall Aud is a nice buy especially against crosses so my preference is to be long those crosses. Usd has rate dominance overall so if it is selling it is just smaller cycle.
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