Cabana Capitals Blog Technical Analysis GBPUSD approaching resistance level

GBPUSD approaching resistance level

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GBPUSD is heading towards a line of 1.2712. If this movement continues, the price of GBPUSD could test 1.2712 within the next 19 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding.

Target: 1.2712 Entry: 1.2677 Stop: 1.2649

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