The breakout of GBP/USD through the resistance line of a Flag could be a sign of the road ahead. If this breakout persists, we expect the price of GBP/USD to test 1.3001 within the next 5 days. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
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After experiencing a 2.58% bearish move in the space of 15 days, nobody knows where GBP/USD is headed.
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