GBP is slowly rising above the resistance line 1.2765. Following the first failed attempt to break above this resistance line, I'm still reluctant to long GBP. Rather, I'm waiting for a confirmation that this break is genuine and that the price will remain above 1.2765. On the 4 Hour chart above, unless 1.2765 clearly broken to the lower side, I expect a move upwards. Any clear bearish breach below this line may push the price to the lower side. My advice, remain flat for now.
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