westernshra
Long

BRITISH POUND BULLISH BREAK OUT!!

FX:GBPUSD   Pound Sterling/U.S. Dollar
104 0 1
After 6 months of bearish price action on the sterling we now have what we classify as a trend line break out. This simply means we have broken above a certain level of price acting as resistance. This currency can now climb against the USD with an upside target of 1.2900. However this just a medium term bias - D. Willis
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