DeGRAM

GBPUSD: Range. Energy consolidation

Long
FX:GBPUSD   British Pound / U.S. Dollar
What we have. Upward trend. The currency pair is consolidating before reaching the peak of 1.4240. On the 4 hour timeframe, the Pound tested the local resistance level of 1.4164, and is going to roll back to the nearest support at 1.4099. I assume a false breakout of this 1.4099 level with further growth to 1.4164.

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