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KaltoireCapital

Price unable to break resistance,rallies could be sold

British Pound / U.S. Dollar (FX:GBPUSD)  
KaltoireCapital  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Beyond Technical Analysis GBPUSD gbpusdshort gbpusdanalysis gbpusdsignal gbpusdtrade gbpusdsetup
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trendanalysis chartpattern beyondta gbpusd gbpusdshort gbpusdanalysis gbpusdsignal gbpusdtrade gbpusdsetup
Dear traders, GBP/USD has been unable to break the dynamic resistance on the 4-hour chart.
Hence, the bears now have the upper hand.

Minor support at 1.2160 exists, which if broken could open the doors to 1.19

As long a price is unable to break the dynamic resistance in the 4H chart, I would prefer to
sell the rallies in GBPUSD.

I have already sold at 1.2280 and if price spikes to that level again, I would recommend traders to
short it.

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