Popeson

GBPUSD Daily Analysis

FX:GBPUSD   British Pound / U.S. Dollar
GBPUS is approaching a major resistance level of 1.24197 that has been touched twice in the past. I expect a rejection at the resistance level which will push the price back into the channel. But if the momentum is high and price breaks through the resistance, there is likelihood for a new uptrend to begin

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