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GBP/USD – Higher bottom in place…need higher tops now!

FX:GBPUSD   British Pound/U.S. Dollar
Daily chart – Bullish break from symmetrical triangle is pretty much a done deal

A rebound from 1.3065 on Thursday has put in place a higher bottom formation and we also have a bullish break from symmetrical triangle formation.

Thus, one may be compelled to think, the doors are open for a sustained rally in the pair.

However, the spot needs to break above 1.3279 (Aug 26 high) as such a move would complete higher tops and higher bottoms formation.

Overall, caution is still advised as long as the spot is below 1.3279.
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