Laz

GBP/USD - bullish breakout

FX:GBPUSD   British Pound/U.S. Dollar
82 0 0
The cable shows a bullish breakout from its recent range. Watch for a pullback entry near the top of the sideways range. The 1D breakout candle has to close above its midpoint to maintain the bullish view, otherwise it is only a knee-jerk bounce to retest the upper side of the range following a failed downside breakout.
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