GBP/USD is giving us a bullish price action based on the market structure. We are seeing from a weekly perspective we are retesting the previous HH forming now a new HL at around 1.30362 and as such we can expect a continuation off this level to form a new HH, Scrolling down on our daily timeframe we can see where we have a structure shift from being bearish to now being bullish after invalidating level 1.31025 this indicates that price is no longer going down and is forming structure to the upside. Scrolling down to our 4h time frame things are quite clear we have switch from being intraday bearish to intraday bullish with price crossing the 200 MA we can only expect price to move up from here.
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