GBPUSD Bullish momentum to continue
GBP/USD pair, had made smart rising channel breakout and closed outside the rising channel indicating that the bullish momentum to continue further target up to 1.32046, whereas pair has stiff resistance ahead 200MA 1.30793 and doji like pattern also indicate indecisiveness at the same level. Other technical indicators like RSI and MACD still in favour of bulls. Traders may open long position only close above the rising channel 1.30161 with SL 1.29972.
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