GBPUSD | New perspective

Обновлено
The Pound appears to have put an end to its three-week losing streak with an attempt to stage a strong comeback after breaking out of the structure during the latter part of last week's trading session. As we head into the new week, I want to be looking for buying opportunities above the key level at $1.15750.

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Bullish signal established as price breaks out of channel during the early hours of today.

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Good morning
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Bullish trend continuation appears to be established as the breakout of the channel ($1.17080/1.16750) is witnessed this morning.

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Stopped out at entry. Let's see what happens after the Consumer Price Index which has affected the USD positively
Заметка
Following the release of the Consumer Price Index release yesterday which led to an impulsive bearish move that I missed out on! As of this morning, the price is back into retesting the trendline of the reversal pattern identified earlier with multiple rejections of this line. Will these rejections hold a bullish continuation?

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Reversal set-up

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Above the $1.15400 zone appears to be an area to look for buying opportunities.

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breakoutChart PatternsGBPUSDgbpusdanalysisgbpusdforecastgbpusdlonggbpusdsignalsnecklinepriceactionreversalpatternTrend Analysis

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