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YourLazyTrader

GBPUSD hourly chart analysis, uptrend continuation is likely

Long
British Pound / U.S. Dollar (FX:GBPUSD)  
YourLazyTrader  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Beyond Technical Analysis GBPUSD gbpusdlong gbpusdsignal gbpusdanalysis gbpusdtrade gbpusdidea gbpusd_forecast gbpusdsetup gbpusdbuy
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trendanalysis chartpattern beyondta gbpusd gbpusdlong gbpusdsignal gbpusdanalysis gbpusdtrade gbpusdidea gbpusd_forecast gbpusdsetup gbpusdbuy
GBPUSD has managed to stay above the crucial 100H EMA, which implies that the uptrend is still intact.

The dip may be considered as a temporary pullback. The area I have highlighted in my chart could be a possible buying area for targets of 1.3150 and 1.3200.

The overall market structure is still bullish and I will be looking to buy between 1.3030-1.3060 level. Only a strong break of the 100H EMA will imply that the uptrend has been broken.



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