GBPUSD putting long-term upside resistance on pressure Â
GBPUSD is testing a short-term channel resistance 1.4200. The pair is testing the long-term upside resistance for a complete upside reversal of the strong prevailing downside trend. A break above this resistance will open the upside continuation. A rejection here would lead to a swing pullback to support 1.3920 and increase the probability of double top formation.
Note: wait for the price action signal for a long or short trade
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