The GBPUSD has decisively broken the multi month high, and the momentum indicates the pair is looking to scale higher highs and est 1.8 level in the coming month. Once he immediate resistance around the 1.72 level the pair would be taken up by fresh buying and short covering. of the resistance were to hold then we could expect a consolidation in the coming weeks, but the momentum indicators are pointing to a strong move above 1.72. any pull back in the apir could be used as a good entry for long term trade whilst short term trading can be prove to be quite tricky as correction is expected as the pair is nearing over bought levels in most intervals.
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