Going Long on GBPUSD at 1.2600
GBPUSDThe Pound, after falling for quite a while now against the US Dollar has been showing hands that hint at a potential upside movement, despite having an overall bearing stance.
The 1.2600 Daily support level has proved itself really strong and unbeatable so far, despite price breaching it a couple of times, it still hasn't been able to bring it down and is now forming a counter trend progression which could potentially drive price all the way back up to the Weekly resistance at 1.2828
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