GBPUSD is trading in consolidation range, it will be very small. After some consolidation, we might see a big downside in GBPUSD before the big downside it can hit target 1, which will be support line 1 and consolidate in between resistance line 1 and support line 1. Once consolidation is over after hitting support line 1, we might see a big downtrend in GBPUSD toward the support Line 2, or we might see further low than the previous low.

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Vivek_Samale
Vivek_Samale

I have half a decade of experience as a trader and enthusiastically learning & developing new strategies in algorithm trading & also analyzing the companies with New ESG method.