GBPUSD bounced from the channel bottom
GBPUSD is testing the previously broken downside resistance zone 1,3150-1,3250. This was a previously broken resistance zone for the downside reversal. A rejection here could lead to a downside extension and a test of the crucial 1.2800 level. If we have a breakout above 1.3250, the pair will stay in the channel and could continue higher to 1.3400.
Note: look for the short trade entries with the stop loss above 1.3250
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