GBPUSD Channel Breakout |
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GBPUSD has pierced through the bearish channel we pointed out yesterday and if this scenario is to come to fruition the pair is starting a new swing movement, first potential target is the 1.8000 area where we have the 38.2 Fibonacci Retracement of the last leg down and a previously tested support and resistance level. Opening a new position will depend on how aggressive each trader is, looking now on the smaller time frames to spot for price action patterns that can signal a bullish
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