GBP/USD Trendline Breakout

GBP/USD has broken the major downtrendline and rallied to the 50% level of the recent downmove. RSI remains bullish. The next major 50% retracement level is at 202.61.

gbptrendlinebreak.jpg
 
if you put some forks on a 4hr, you'll see this. US data today will

have an effect, but dont be buying right here imo. ...for some

reason my damn jpeg pic wont upload
 
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