GBP/USD Price Analysis: Bears throwing in the towel, weekly VWAP eyed By ross_burland GBPUSD Technical Analysis
ighs with a daily close above it, the weekly VWAP that has a confluence of the 24 September 2020 lows around 1.2675 will be key and a 38.2% Fibo thereafter. The following illustrates the prospects of a bullish reversal in the coming days into month-end:As illustrated, the price is now well below the Volume Point of Control, which is about the 50% mean of the monthly rotation channel's range, and while there is room to go to the downside, it is meeting a critical level.
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