Price on the 4hr timeframe could possibly close over the parabolic sar in the next 30 minutes and keep rising to the next resistance zone, and also back into the ascending channel. If price closes over the sar, BUY! Also on the daily timeframe there is a inverted 3 pin formation being formed, and will be complete in the next 12 hours, which is a bullish indication. Price is headed toward the 1.30500 area.
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GBP/USD: SHORT
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