GBPUSD is testing the key resistance
GBPUSD is testing the 1.3200 level. This is a key resistance for the downside and key upside support. For a reversal upside, this level needs to hold and we have two daily tests so far. A break above the 1.3230 which is a short-term falling trend line is required for the bounce to be confirmed. A break below 1.3200 with confirmation would lead to a strong downside continuation targeting 1.2600
Note: look for the long trade entry with the stops just below 1.3200
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