GBP/USD D1 Technical July 08

GBP/USD  is so weak there is no  signals for long trade. Bollinger bands are providing sell signals for the pair. If pair manage to reached to 1.4950 level and get a pull back and H4 candle closure below this level then pair will start moving towards southward.

Today pair is expected to move more downward   and target 1.4830 level. Then price action on this level should be watch. D1 and H4 chart are showing group of buyers in this area. if pair get a bounce and H4 and D1 candle closure above 1.4900 then it will indicate buy signals for the cable.

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