Analysis GBP/USD

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On the weekly chart, we see that the price is following my previous analysis. The price is now creating a potential lower low on the daily chart, but as I see it, the price will continue with the downtrend and form a new lower low below the current level.

Today's session closed with a Doji candlestick, which could indicate a potential pullback or the continuation of bearish momentum.

What we can also observe on the weekly chart is that the price has several liquidity (LQY) areas before forming a higher low in the weekly structure.

On the hourly charts, we saw a pullback today. In line with Dollar-related news, both the EUR and GBP are expected to be bearish tomorrow.

Feragatname

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