GBPUSD | Buyers Awaiting Sellers to Form a New Low

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GBPUSD | Buyers Awaiting Sellers to Form a New LowGBP/USDOANDA:GBPUSDMyFxPicksThe shoulder is holding up pretty well as we now have two rejections signaling buyers' complete loss of momentum and a likely reaction down to extent the internal lows. An expectation is that after sellers extent the low even by a few pips, buyers will immediately step in and propel price up again.