Price is in a squeeze pattern, waiting for a breakout.. To confirm it is best to wait for a clear breakout of the pattern, as price is failing to break the supply region today & making a 3rd touch to the descending trend line, we could see sellers push price lower again as the first scenario as the overall trend is still bearish.
breakoutconsolidationGBPUSDpatternSupply and DemandSupport and ResistanceTrend Analysis

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