ukcarrera

GBP USD 50 Weekly SMA & 3rd Touch Of Trend Line

Short
FX:GBPUSD   British Pound / U.S. Dollar
Lots of reasons to be taking profits here if your long and a good area to open a short.

We have reached the 50 week SMA which has acted as a strong resistance in the past.

We have also reached the long term trend resistance line which could act as resistance for the 3rd touch.

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