Watching Closely For A Breakout To The Upside
If Gbp/Usd breaks and closes past 1.3204, price should resume testing the resistance at 1.3266 and then continue higher from there on. Currently it seems we have a flag formation but we don't have a breakout confirmation yet.
Note
NFP has seemingly put a stop to the growth of GBP after it broke out of structure. We will continue to monitor this setup. It has not entirely invalidated yet. Market hasn't reversed until we get a confirmation on the bigger timeframes.
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Disclaimer
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.