Chart of the Day GBPUSD

/ Chart of the Day / By Alex

GBPUSD downside pullback in hand

GBPUSD is unable to break the strong upside resistance 1.2450-1.2500 zone. This is leaving a reversal pull back into 1.2200 open. Only a break above the 1.2500 now would lead to a test of the key upside resistance 1.2750. ARMAT trading system is neutral

Note: look for the short trade opportunities with a stop loss above 1.2500

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