GBPUSD is extending higher

GBPUSD is bouncing off the support

 

GBPUSD is bouncing off the support of 1.2100 and is extending higher. This confirmed bounce can lead to an extension higher to 1.2800. Now only a break back below 1.2150 can invalidate the upside extension higher. There is no significant resistance higher now.

Note: look for the long trades with a stop loss below 1.2250

 

GBPUSD upside extension

 

 

 

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