The cable has been in an uptrend since October, starting from the 1.27 area and is currently approaching the 1.40 resistance which was last crossed at the beginning of 2018.
On this chart the EMA acts as a dynamic support.
All I can say is that it'll be interesting to look at the pound over the next few days.
On this chart the EMA acts as a dynamic support.
All I can say is that it'll be interesting to look at the pound over the next few days.
Trade closed manually
The price only went 20 pips in profit and has broken through the 1.40 level.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.