GBPUSD above a monthly trend line and had not broken the most recent higher low, therefore GBPUSD can still move upwards. However, if GBPUSD breaks the H$ trendline and show bearish momentum it can spill over to a higher timeframe and potentially touch the monthly trendline. A break of this trendline will cause long term bearish momentum. if the monthly trendline is not broken then GBPUSD with continue to buy higher.
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