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The GBPUSD pair is consolidating so much that, even if I really wanted to, I don’t see an opportunity to enter even a small position. Personally, I don’t like such a market so I wait for the price to come out for the marked area from the second image. The first image shows the level at which the price stopped. Possible correction of recent declines, but just as often the price went up and down, so the chances for both directions are similar. Additionally, Friday’s data are to be very weak for England, so in case of further declines it will be reflected in what the market is waiting for.
