JohnFortune

GbpUsd - A Weak Usd Points To Further Advances

Long
FX_IDC:GBPUSD   British Pound / U.S. Dollar
Last week price broke and stayed above the key area of resistance and multi-week range top at the 1.3270 area. This coupled with a weak USD points to further advances in the GbpUsd. If Cable can break above the key area of resistance at 1.3341 a run towards 1.3447 is on the cards.
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