GBPUSD upside 1.4000 resistance breakout
GBPUSD is breaking above 1.4000 which is a key upside extension resistance. To continue upside we need to see a confirmed break above this level. If we will not have a confirmation of this break higher and the pair closes below 1.3980 we could see a deeper pullback to 1.3750. As long as the GBPUSD is above 1.3750 the uptrend is intact.
Note – We are inclined to long trade entries upon a confirmed break above 1.4000 with a stop loss below 1.3950
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