Cabana Capitals Blog Technical Analysis A potential bullish movement on GBPUSD

A potential bullish movement on GBPUSD

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The movement of GBPUSD towards 1.2578 price line is yet another test of the line it reached numerous times in the past. We could expect this test to happen in the next 2 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.

Target: 1.2578 Entry: 1.2554 Stop: 1.2537

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