Channel in #GBPUSD
Dear #GBPUSD, please go to the upper channel trendline (daily chart) :-)
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GBPUSD long (until proven otherwise)
Until this level breaks down again cable offers a valid long trade.
$GBPUSD chart analysis
Look at the break of the massive shelf around 1.5250/1.5375 in GBPUSD. I expect this to be a meaningful change of sentiment for the currency pair. What the heck are the British doing to their money??? Next support zones as marked by the blue lines below current price: S1: ~1.5000/1.5125 S2: ~1.4850/1.4875 Of course I got long within the brokes support around 1.5375 and now I'm in trouble with this one. So I will have to figure out how to reduce the damage.