Analysis

GBPUSD: Big drop doesn’t change anything [Video]

 

The market has rebounded sharply, after collapsing to a +30 year low below 1.1500. This supports the longer-term constructive outlook, with a major bottom sought out ahead of the start to a big run to the topside. Look for the major pair to hold up above 1.2000 on a monthly close basis for confirmation.

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