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GBPUSD – ST Bullish But In Tight Range (4hr chart)
After forming dual pin bar rejections off the 1.5350 intra-day support zone, the bids have held the line and attacked the monthly highs around 1.5450. ST we are in a range between these two levels with a slightly bullish bias while above the support zone.
Any weak corrective pullbacks to this zone could be solid buying opportunities. A break above the monthly resistance opens up 1.5500 and 1.5550 where some solid offers are likely parked. Only a daily close below 1.5200 dampens the ST bullish bias.
Also in our members trade setups commentary today, we cover the GBPUSD, EURGBP, GOLD & FTSE 100. Click here to become a member.…... Keep reading