themarketzone

Cable's next weekly resistance zone - 1.48-1.5

FX:GBPUSD   Pound Sterling/U.S. Dollar
Since the latest Brexit Poll, GBPUSD             exploded from 1.4 to 1.46.
That was a continuation move for the rally that started from 1.38 after the completion of a bullish Crab
GBPUSD             was the only currency among the Majors the defied the dominance of the mighty Dollar..

Now it is reaching a weekly resistance you should pay attention to - 1.48-1.5.
Weekly structure and the 50 weeks MA line may prevent GBPUSD             from advancing higher and perhaps send it lower for a short term pullback.

Tomer, The MarketZone.net

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Trade closed manually: Bearish setup reached target - Testing support before Brexit
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