Hello Sophisticated Traders,
Over trade, last time rallied over 1000 pips and the $GBPUSD has met a potential double top. Though it seems to have tapped out of the downward trend, the pair is extremely overbought on the daily and is due for a pullback. This could potentially provide another 200-300 pips retracement. Only a daily close above the 1.3200 can negate this trade.
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Dr. Lydia Smith
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