A no-deal Brexit has recently been blocked creating room for GBP to grow, and with the US trade war with China escalating the USD has a long way to fall, my current expectation is for GBPUSD to reach the lower support before going up, however we should not dismiss the possibility of an immediate rally, It will be difficult for the pair to fall lower than the secondary support this is the reason why my stop loss is below it. If the market open closes above the higher support we could see an immediate upwards push. Thank you for reading my analysis.
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