Bullish Pressure Constrained by Monthly Level: GBP/USD Analysis

GBP/USD

GBP/USD

Higher timeframes The monthly level of 1.2760 on this segment restrains the bearish pressure, preserving the opponent's achievements.

When bullish activity returns and the high of the current correction is updated, the main focus will be on the result of testing the lower boundary of the monthly cloud (1.2893).

In the case of breaking through 1.2760, bears will encounter support from the daily short-term trend, which is currently at 1.2666.

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correction gbp/usd Support bearish pressure bullish activity higher timeframes daily short-term trend lower boundary monthly level opponent's achievements testing monthly cloud breaking through

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GBP/USD

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