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Price has broken above long term descending trendline and currently moving higher on brexit optimism... however we may see price moving lower to test trendline before moving higher...
we have bearish view on GBPUSD till daily candle doesnot convincingly breaks above 1.30 level and retests it...
Price has been multiple times rejected from trendlne above price... we may see price again been rejected from same trendline if it reaches higher...or today it may just move lower towards support before rising on tomorrows vote in british parliament..
As per technical structure Silver has retraced after breakout and currently testing trendline it broke and also descending channel... we will be looking to sell on rejection from here or from horizontal support... overall bias remains bearish till structure is valid..
Pair is reaching top of channel and also horizontal support from where we can expect price to retrace before continuing ahead.... however we would not like to sell the retracement..
Wait for better entries to Long..
USD is weakening temporarily on yesterdays weak fundamental data , currently reaching strong support and might bounce to retest descending trendline...
Look for long opportunity on bounce from support.. long trades are our choice till support holds..
We can see in chart price has reached strong resistance zone from where we would like to see if price breaks below or moves higher..
Look for rejection to sell towards support ...
After breakout above wait for price to retest support and confirmation before buying..