GBP/USD Transition Still Favors Sellers

The most important shift on the daily chart however is NOT today’s sell-off but rather the U.S. dollar strength that is contributing to it and the transition OUT of the GBP/USD’s former downtrend. While the near-term psychology most certainly had turned bullish, the longer-term and (arguably)…

Originally posted here:
GBP/USD Transition Still Favors Sellers

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