GBPUSD is testing the channel flag upside resistance
GBPUSD is breaking above the 1.3800 channel resistance. This break will lead now to a test of 1.3850 which break above is required for the extension to 1.4. Invalidation of the upside extension can only come in the case of a sudden reversal below 1.3760 and would lead then to a reversal swing down to 1.3500 again.
Note: look for the long trade entries upon a break above 1.3840 with a stop loss below 1.3800
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