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What levels are in play for the GBPUSD and why through the Fed Chair speech

In this insightful video, we examine the recent price action of GBPUSD, focusing on its retracement higher and subsequent rejection at the 100-hour moving average.

Sellers stepped in at the critical level, driving the price back below a significant swing area. By staying below this level, sellers maintain their dominance in the market. We also discuss the importance of the 100-hour moving average as a conservative stop level for sellers anticipating further downside momentum.

Additionally, we explore the downside targets, including a swing area and key support levels, which could be potential objectives for traders. Watch this video to gain valuable insights into the GBPUSD market and enhance your trading decisions.
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