GBPUSD is about to retest a key horizontal resistance level near 1.3134. It has tested this level 6 times in the recent past and could simply bounce off like it did last time. However, after this many tries, maybe it’s ready to start a new trend.
Supported by Upward sloping Moving Average
Target: 1.3134 Entry: 1.31 Stop: 1.3086
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