GBPUSD: Year-Old Trend Line Resistance in Sight
GBPUSD is approaching major trend line resistance at 1.6332, a level that has capped the upside over the past year. We will monitor how prices behave at this critical barrier before taking a directional bet, leaving us on the sidelines for the time being.
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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