AlgoVenture

GBPUSD Resisted at 3-Year Supply Zone

Long
FX:GBPUSD   British Pound / U.S. Dollar
GBPUSD has been resisted at a 3-year supply zone after attempting to break out. We could expect GBPUSD to pullback first, before continuing it's uptrend, first point of resistance being previous resistance turned supply. Should GBPUSD be able to break this support level, we could look to buy GBPUSD again at current 7-month rising trendline
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