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GBPUSD is growing after Brexit news, and got some correction after GDP data. I see the 5 waves Elliot impulse forming, through the 1.3300 resisance. But in the case of impulse cancellation, I see the further 1.3046 suport test.
300 pip range for the GBPUSD during yesterday's and today's sessions. The pair is very volatile with no clear direction. The trading range stays between the 1.3300 zone and the 1.3000 zone. A breakout of either level may accelerate its momentum in the direction of the breakout.
It is pointless trying to use technical analysis now on GBP pair. Brexit dominates everything and that will only change once there is a deal. Even the best technical set up will be destroyed by a annoucement about a potential deal
You say that but if you look at the charts the normal chart patterns are holding very well. Sure there are some reversals that blow through stops but on the 1 hourly anyway there are still good technical trades
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