GBP/USD- approaching towards a major resistance; will you short?
The GBP/USD fell from its resistance zone (minor) on a 30 minute time frame as predicted yesterday. However, the pair has broken this resistance level today and it is heading towards its next major resistance level which could have a strong potential to stop this upward move. The pair is also trading above the 50 day (shown in green) and below 100 day (shown in yellow) moving averages which confirm that the bulls have strong control of the price.
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