Gbpusd has been bullish. on h4 time frame, we see that the upper trendline has been broken. It has also violated the previous high (resistance). It may be a false breakout. I would buy this pair if price retests the broken trendline and bounces up. I would sell this pair if a double top is formed, neckline gets broken and retested. For now i'm watching on the sidelines for either of the two, whichever happens first. Happy trading.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.