GBPUSD End of 1st Quarter (updated) ~ forex trading gold news
The cable broke out of the concrete zone and the pullback currently sits pretty well on the concrete zone both on the daily and weekly charts. The target appears to be 1.70000 to retest the highest point in August 2009. This will then create a new range of 1.64000 to 1.70000. The weekly candle will confirm a breakout from any range.
I attach the weekly, daily and H4 charts in support of the above analysis
Enjoy your trading for the rest of the week!
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