GBPUSD Subdued by 200 SMMA
The 200 SMMA is continuing to serve as a resistance on the 1h chart and bull momentum is slowing.
Trade strategy:
- Close half position at target (1.28550)
- Close full position at target (1.27800)
- Close and look for re-entry if price breaks above the trend line
Trade strategy:
- Close half position at target (1.28550)
- Close full position at target (1.27800)
- Close and look for re-entry if price breaks above the trend line
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