GBP/USD Could Initiate a Bigger Correction
|The GBP/USD has formed a bullish divergence exactly near the M L5 bottom. 1.2710-40 is the zone where the correction could start. If 1.2700 holds the price might retrace to 1.2844 and 1.2900. Break above 1.2923 should target 1.3000 and 1.3052.
However a drop bekow 1.2700 will pressure the pair further, leading towards lower pivotal zones 1.2687 and 1.2609.
GBPUSD Current Trading Positions
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