GBPUSD
British Pound rallied sharply on Friday, finishing the week at the highs for the day, on the upper side of a trading range. Also notice that before that, the price did not fall beneath 1.5200, so actually the trend is still up from 1.5108 because of higher highs and higher lows. That said, we assume that the pair is still in a corrective recovery, maybe a complex double zigzag with wave C) is yet to come. We see room for a move up to around 1.5600 then, before bears can come back in play.
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