Wednesday, July 12, 2023

 GBPUSD on the 4h chart after yesterday's news is trading at the 1.30 area.

The price after the impulse might look for some retracement and we can see some higher moves due to the bullishness of the environment.

IF the market will retrace to the 0.5 or 0.618 Fibonacci area we will start to look for a potential inversion and check a chance for a nice long order according to Plancton's strategy rules.

GBPUSD at the 1.30 key level

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