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GBPUSD

WEEKLY: price is trending bearish inside a large triangle, making lower low consistently and looking to head to 1.4890 to hit a key support level cum trendline. But price hit 1.618 of the inner swing wave at support, we might see a pull back if the support is strong to support the possible bounce.

DAILY: price hit 1.618 of present swing, looking for low to confirm that price will rally.  how far the pull back will go if low is confirmed depend on how price will react at the inner trendline.

4HR: price is still in sell zone, with two strong resistance at  1.5343 and 1.5534.

1HR: we are seeing bullish divergence around support, with possible bullish 1-2-3 formation

entry: 1.5261

stop: 1.5141

t1= 1.5330

t2=1.5530

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