GBPUSD WEAK DOLLAR
GBPUSD seems to be respecting the steep upward trend line. Pushing hard on the lower bollinger band. Has not retraced much and is a possibility of falling a little more to the 0.5 fib level. Tall upper wick at the end of a downward movement followed by a strong hammer candle showing positive bullish signs. USD fundamentals showing a bearish sentiment and my MT4 stochastic indicator is showing oversold on both the H4 and daily. What does everyone think?
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