💷💵 GBP/USD Accumulation continues 💷💵

💷💵 GBP/USD Accumulation continues

💷💵 The nearest strong support zone: around the fibo level of 0.236 of the upward wave.

💷💵 Nearest strong resistance zone: around recent peaks.

💷💵 Technical environment:

📊 Moving averages: Downtrend

📊 MACD: Uptrend (divergence)

📊 RSI: Uptrend (divergence)

💷💵 Price action: GBP/USD It fell on a strong support zone then started a rebound. It looks like its upward impulse may take us back to the area of recent levels where the price has been accumulating and maybe even higher. It looks like we have plenty of space to rise from current levels.

📈 The scenario I am playing out is a continuation of the increases. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.

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