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– GBPUSD approaching a demand zone (support) around the 1.6050-1.6035 level.
This area also confluences with the 50% & 38.2 % Fib Retracements of the AB & CB up moves respectively.
Would look to go long in around this zone.
– The dollar index also appears to be approaching a supply zone (resistance) around the 80.58-80.75 level. This information can be used as added confirmation for the above mentioned viewpoint.