Gbp is notorious for its volatility and false breaks...
After spending 2 days under daily support, GbpUsd is trading again above it and above 1.28 at the time or writing and a daily close above 1.28 would confirm that, indeed, we have a false break.
Furthermore, a close above 1.28 would put Gbp on the run and expose the important 1.3 resistance.
After spending 2 days under daily support, GbpUsd is trading again above it and above 1.28 at the time or writing and a daily close above 1.28 would confirm that, indeed, we have a false break.
Furthermore, a close above 1.28 would put Gbp on the run and expose the important 1.3 resistance.
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