As we can see, price consolidation is occurring near the 1.1500 level and yet to break that price level. Since GBPUSD have reached its low, as for now I will potentially draw a support level at the 1.1480 price level. It looks very optimistic for a trend reversal at this point with candles losing its bearish strength. If bullish momentum takes place, I could see this pair going all the way to 1.2045 price level.
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