The GBPUSD at 1.30910 is showing signs of exhaustion in the buyers’ interest, and the bears are gearing up to take control.

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The GBPUSD at 1.30910 is showing signs of exhaustion in the buyers’ interest, and the bears are gearing up to take control.

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  • GBP/USD is tiring in the bid and bears are moving in for the kill.
  • The week ahead holds a bearish bias, but there ios work to do.
  • GBP/USD ramped up a sixth consecutive day of gains after data showed the UK economy swung in the red by less than expected. the following shows the bias from the top-down analysis:

    A correction is underway for the week ahead.

    Bears are monitoring for a break of trendline support. 1.3000 is eyed!

    [/s2If]
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