GBPUSD
GBPUSD managed to break above 1.5000 level last week and this upward move seems to extend towards 1.5350 level and there it will be touching the top of downward channel’s top. It seems that GBPUSD might look to resume downward move from 1.5350 level and that will be a very ideal level for traders to sell GBPUSD for targets below 1.5000 level.
If GBPUSD manages to break above 1.5350 level, then a long term upward move might seen which will initially head towards 1.5700 level without taking any break. Breakout traders might be eying that level as well as traders with reversal trading strategy might also look to capture on that opportunity.
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