GBP/USD: Prices Find Channel Support, Hint Upswing
Strategy: Pending Short
GBPUSD has found support at the lower boundary of a falling channel established from mid-2009 (now at 1.4180), with hints of positive RSI divergence suggesting that consolidation may give way to an upswing. Near-term resistance stands at 1.4781, a former support level. We will look for a move toward this juncture to seek out selling opportunities.
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