In the 5-minute time frame, GBP/USD has just broken out of a triangle pattern. My first target is the pink resistance zone, which could serve as a key area for reducing long positions. Additionally, this zone presents a potential shorting opportunity, depending on how the price reacts at this level.
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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.