GBPUSD Analysis 1Sep2023
From the perspective of the market structure analysis that occurs to this day, I still see GBPUSD in the bearish structure. Where after the last boss occurs, the price is still unable to bullish more than the highest peak. Valid analysis as long as prices do not rise more than invalid areas. If you see from the existing Fibo Retracement, the price has been retrace almost to the area of 0.236 or 76% discounted from the swing that occurs. There is a good prospect for the current short with a fairly small risk.
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