Forex market overview on 9.05.2023

Hello. Below are some recommendations for trading in the Forex market on 05/09/2023


GUSDBP under went to the resistance level of 1.2654. There is no Price Action pattern here yet. I think that at the beginning of the week we may roll back down. But as a result, we go above the level, at least to collect liquidity, or we will continue the trend up. Judging by the number of sellers in the transaction statistics, there is still a lot of fuel for growth. inside the day, you can look for purchases, with little risk, but also a small estimated price move up.

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