We are currently at consolidation and I'm leaning towards an upward bias! WHY?

1. We had a break of a downtrend.
2. We had an impulse to the upside.
3. We retraced and started to form a consolidation period.
4. We had a huge entry of buy pressure at support of our consolidation zone!

I will be waiting on a break and retest of our current resistance and I will be looking to enter long on buy confirmation!

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GBPUSDTrend Analysis

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