GBPUSD update 07-03-2023
The price action faced rejection from major confluence area consists of 61.80% and daily support level of 1.19885.
The rejection resulted in substantial bullish candle and bullish momentum till the move faced rejection from monthly resistance level.
Now the price has retraced and finds support at 38.23%. But it is expected that the retracement will continue till golden zone of 50%-61%.
The rejection resulted in substantial bullish candle and bullish momentum till the move faced rejection from monthly resistance level.
Now the price has retraced and finds support at 38.23%. But it is expected that the retracement will continue till golden zone of 50%-61%.
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