GBPUSD has already reached the light HFT buying pressure zone today which is noted at 1.302 and below. The price reacted strongly here and the GBPUSD pair is already rebounding off the light HFT buying pressure zone.
The pair is also trading inside of a downward channel and has almost reached its lower end before rebounding. The resistance trendline of this channel stands at 1.3045 slightly before the light HFT selling pressure zone which is noted at 1.3059 and above.
GBPUSD Current Trading Positions
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