GBP/USD-2-Hour analysis

Hello everyone!

-On a 2-hour time frame chart, we can see that the price reached the resistance area and we can see that the price is rejecting that zone with a long upper wick.

-On Bollinger bands indicator we can see that the price reached upper band and we can see that the price is rejecting, on a stochastic indicator we can see that the price is in an overbought area so stat might be a signal that the bears are going to take control over this pair BUT it depends.

-On a daily base, GBP is stronger than USD and on a 4-hour base GBP is a little bit stronger than USD,...-If GBP remains stronger than USD then we can expect further bullish movement and if USD gains some power and becomes stronger than GBP then we can expect bearish movement.

-WHAT DO YOU THINK ABOUT THIS SETUP?
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-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial
advice.