Long positions only ideal upon a breakout above 1.3044
Long positions only ideal upon a breakout above 1.3044 | 23 Mei 2017
23 Mei 2017, GBP/USD
Technical Observation
GBP continues to rally within the rising channel and yet to breakout above the resistance line 1.3044. While still within this channel, trading reversals seems ideal, however, a breakout above 1.3044 will call for breakout trading towards 1.3489. On the 4 Hour chart above, following the rejection from 1.3044, I expect a bearish move towards the lower trend line.
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