Technical Analysis:
Well, the channel remains valid since April with a fake move around the end of the month. The GBP may take another strike at the resistance.Fundamental Analysis:
The USA has been showing signs of a "not-so-strong" economy forecast for the next few months. This may be the catalyst that the GBP needs to break through the resistance.Strategy:
Agressive tactics may enter long positions. But the channel is ready to be tested. So, conservative investers may decide to "keep of the grass" for now.[Disclaimer]
This article doesn't constitute any advice on investment and the author takes no responsibility for the outcome of orders opened based on the information written here. The reader must take into account his own investment profile and financial capability. Investing in the forex markets can incure in severe losses.
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