Chart of the Day GBPUSD

GBPUSD is breaking above a strong long-term falling trendline

GBPUSD is breaking above the 1.2700 level of the falling trendline and an upside reversal resistance. This break could lead to an extension higher into 1.3400 level if sustained. Support for this upside reversal now is 1.2700-1.2750 zone near-term.

ARMAT trading system is pointing higher

Note: look for the long trade entries with the stop loss below 1.2650 level If stopped reverse trade to short

 

 

Telegram channel https://t.me/Trendtadingdna

Sponsored by our recommended brokers. Trade Gold with KeyTo Markets

Try our Managed accounts