GBPUSD upside continuation
GBPUSD is breaking above the strong upside resistance of 1.3740 for a continuation higher. A confirmed break above this resistance is leading to a continuation higher to the 1.4100. A rejection here and a break below 1.3600 is now required to invalidate upside extension. The overall medium-term is uptrend but we need this break above 1.3740 confirmed for a high probability upside extension. As long as the GBPUSD is above 74.70 there is a high probability that it will have an upside extension targeting 1.4100.
Note – We are inclined to long trade entries with the stop loss below 1.3700.
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