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GBPUSD Analysis July 31, 2020

Short
FX:GBPUSD   Livre sterling / Dollar américain
On the monthly timeframe we just closed extremely bullish. We are approaching our next monthly key level and should expect price to test this level. On the weekly timeframe we are overall bearish and entering a retest of the highs. The daily timeframe is very over extended and formed a hammer candle to end off last week. We could see signs of reversal from this level.
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