It's a shame that GBPUSD didn't pick up our prices yesterday before leaving for TP. GBPUSD is still observed in the range 1.19144 - 1.20102 after making a false break on the resistance which is also the MA100 yesterday. MA8 which is increasingly clamping down on the price of Cable makes this pair have to determine its maximum direction tomorrow so that the price will run again.
[Possible to take] We are waiting for a breakout to occur at the price that has been squeezed before making an entry.
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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.