
Two days ago, GbpUsd broke violently above 1.3 zone resistance. After a rapid rise to 1.3177, the pair is falling now and is coming to confirm the 1.3 zones as new support.
The long term trend for GBP is bullish and a reversal up from the 1.3 zones would confirm that cable resumed its long term direction.
On the other hand, a dive back under 1.3 would put GbpUsd in no men’s land.
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