GBP expecting a corrective bounce before further downside
The sterling has bounced as expected into the resistance trendline and has since been resuming its downtrend. Last week elections contributed to the downmove but today's CPIs have lifted the Sterling from support. I would expect a corrective bounce over the next few days(continuation pattern).
If GBP is working on a LT bottom, I expect it would take some time to rerverse in a lasting manner.
If GBP is working on a LT bottom, I expect it would take some time to rerverse in a lasting manner.
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