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BluetonaFX

GBPUSD Possible Re-Test Of Monthly High

Long
British Pound / U.S. Dollar (OANDA:GBPUSD)  
BluetonaFX  
OANDA:GBPUSD   British Pound / U.S. Dollar
Support and Resistance Trend Lines Parallel Channel GBPUSD marketanalysis chartanalysis priceactionanalysis exponentialmovingaverage forexsignals fxmajors bullishsignal fxsignals
4
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supportandresistance trendline parallelchannel gbpusd marketanalysis chartanalysis priceactionanalysis exponentialmovingaverage forexsignals fxmajors bullishsignal fxsignals
Hi Traders!

There is some bullish momentum behind GBPUSD, and there may be a possibility of a re-test of the monthly high.

Here are the details:

The price action on the 1D chart looks bullish. The market is in an ascending price channel with higher market swings and lower rejection price wicks; the market is also currently above the 20 EMA.

Preferred Direction: Buy

Resistance: 1.27858
Support: 1.26612

Technical Indicators: 20 EMA

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Trade safely and responsibly.

BluetonaFX
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