Chart of the Day GBPUSD

GBPUSD is testing the upside support

GBPUSD is testing the upside support and retesting the broken falling trendline 1.2950-1.3000 zone. A daily close above this zone would open the upside extension to a recent high 1.3500 level. Now only a daily close below the 1.2900 level would invalidate the upside extension.

ARMAT trading system is neutral

Note: look for the long trade entries with the stop loss below the 1.2950.

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