24052023 - #GBPUSD
GBPUSD gave almost perfect level to level move yesterday from BZ all the way down to PLOD and rebounded strongly back to OP, giving 120pips both ways.
As mentioned, I am still bullish DXY, but it stalled at the monthly BZ. Could see some consolidation before the next move (up), thus this could show in GBPUSD. Note where PZ is and add to shorts on break of PZ and weekly BZ
But based on price action, GBPUSD is oversold but looking for possibly another dip down to the below today or tomorrow - take most off at the lows and trail the rest because of possible bounce.
As mentioned, I am still bullish DXY, but it stalled at the monthly BZ. Could see some consolidation before the next move (up), thus this could show in GBPUSD. Note where PZ is and add to shorts on break of PZ and weekly BZ
But based on price action, GBPUSD is oversold but looking for possibly another dip down to the below today or tomorrow - take most off at the lows and trail the rest because of possible bounce.
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