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Mihai_Iacob

GbpUsd near a very important break

Long
British Pound / U.S. Dollar (FX:GBPUSD)  
Mihai_Iacob  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators GBPUSD gbpusdanalysis gbpusdsignal signals signalservice signalprovider Contains image
5
2
trendanalysis chartpattern indicator gbpusd gbpusdanalysis gbpusdsignal signals signalservice signalprovider containsimage
The break of support on April 12 proved to be a false one. After establishing a higher low at the beginning of May, GBPUSD is once again trading near resistance.

A break above this resistance would be significant, as the price has reversed from this level multiple times, and it also aligns with the falling trend line.

I will remain bullish as long as the price stays above 1.26, and I am looking for a rise above 1.3.
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