HouTianTan
Long

GBPUSD H4 consolidation trading.

FX:GBPUSD   British Pound/U.S. Dollar
340 0 0
As this pair has hit the support at 1.5920, it would probably enter a consolidation phase, ranging from 1.5920 to 1.6000. I would recommend longing this pair at the moment, and closing it at the higher range. However, I would like to point out that this pair has an overall bearish bias, and would recommend a hard sell at 1.6000.
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