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GBP/USD Coiling Towards Ascending Triangle Resistance

posted by Avatar FXTimes 275 days ago in USD, GBP, Technical made popular 275 days ago

The GBP/USD has been choppy all August long, but the overall price action has been bullish. The 4H chart shows the market in a rising wedge during August so far moving toward a key resistance at 1.5775. There is no strong bullish momentum in the current rally as the RSI failed to tag 70. The moving averages in the 4H chart are however in bullish...
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