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GBPUSD 4h Analysis May 17th, 2021

FX:GBPUSD   英镑/美元
As the dollar strengthen last week we saw a retrace of this bullish movement to create a support level. Now that we are trading at consolidation we wanted to see 2 scenarios. A break above structure high or a rejection of the resistance. If it breaks above we are going to enter after a retest to have safer position. But if it rejects the resistance level then we are short towards the support level in 4h.

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