GBPUSD At Support Level .

GBPUSD is trading in an ascending triangle pattern. It is now at the very support level of the ascending triangle pattern. One can initiate a long trend on pair with a stop loss just below the support line of the ascending triangle. But, if it breaks the ascending triangle pattern on the downside, we might see a fresh downside in GBPUSD, as it is also forming a minor head and shoulder pattern within the ascending triangle pattern.

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