Hi Traders, the direction of GBPUSD in the short-term is looking quite mixed, but why do I think we will probably see some buying pressure soon?

If you go back to last Friday's Price Action (29th July), the way price created a V-shape reversal at 1.2080, it simply tells you that there are tons of buyers accumulating their orders there.

There are two areas where I'd like to join the short-term buy IF they're being rejected
1. 1.2150
2. 1.2080

If at any point price breaks through both these support levels then this setup is invalid.


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