Analysis

GBPUSD: Complete Indecision

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this trading week has started at a slow pace.

gbpusd has reached a key structure level last week,
and these last two days the market is just coiling in sideways.
market participants are waiting for some trigger.

from current prices, the best strategy for you to follow is to wait for a breakout of a decision range on 1H.

in case of a bearish breakout, I will sell the pair with the initial target 1.205
(and by the way, my bias is bearish here)

in case of a bullish breakout, I will buy aiming at 1.27

no matter where the market is going next we can trade it following this strategy!

good luck!

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