GBPUSD: Waiting for a breakout
Updated
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GBPUSD continues to trade around the support level of 1.255 and moves within a narrowing price range. Any breakouts from the current trend will accelerate the pace of trading for this currency pair.
The main trend is still biased towards a decline, so after breaking out of the current trend, GBPUSD is likely to move towards a lower support level around 1.247.
What do you think, will GBPUSD rise or fall?
GBPUSD continues to trade around the support level of 1.255 and moves within a narrowing price range. Any breakouts from the current trend will accelerate the pace of trading for this currency pair.
The main trend is still biased towards a decline, so after breaking out of the current trend, GBPUSD is likely to move towards a lower support level around 1.247.
What do you think, will GBPUSD rise or fall?
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