Alex Joyner from Faraday Research is tracking a possible move higher in GBPUSD as the pair edges higher into a key zone of resistance. “On the daily chart we can see the pair has been moving within a long-term ascending channel since late April. At the start of last week the price action bounced up from the lower support of this formation and has been moving higher ever since.
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Faraday - If GBPUSD edges higher here's how we'll go long
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