GBPUSD looking very bearish for the rest of the week

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GU has been retracing into a bearish higher timeframe resistance level (POI) and today we finally made a bearish market structure shift after price displayed some strong displacement away from the POI level, indicating to us that institutional order flow is now bearish with our new objective being previous months low (the closest draw on sell side liquidity). We can expect a bearish silver bullet setup for the NY killzone.

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