The bullish blue fork served, in terms of its warning line, as a support for further upward advancement of this currency pair. There's also the magenta bullish channel containing the price action quite nicely. So, I'm not giving up on this market yet. The sterling has strengthened recently and, esp. vs. the JPY, is quite likely to test the highs to the left. I believe any dip should be considered as a good buying opportunity.
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Disclaimer:
There is a very high degree of risk involved in trading forex. I assume no responsibility or liability for any trading or investment results. All content posted is for educational purposes only and is not a financial adivice.
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Disclaimer:
There is a very high degree of risk involved in trading forex. I assume no responsibility or liability for any trading or investment results. All content posted is for educational purposes only and is not a financial adivice.
