Pair’s rejection at 1.2273 and a subsequent retreat to 1.22 despite the better-than-expected UK Q3 GDP release suggests the bears remain in control and are likely to take the pair lower to 1.2080 levels.
Meanwhile, only daily close above 1.23 levels would suggest bearish invalidation.
Meanwhile, only daily close above 1.23 levels would suggest bearish invalidation.
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