GBPUSD Back In Play

Here is an chart update for “GBP/USD Can Still Go Higher” posted last week. Buys were never initiated (for me) with price above 1.5300 last week. Sellers never got going either with strong bids at 1.5300 keeping price propped enough to make new highs above 1.5400. Strategy now in play with $GBPUSD breaking 1.5300 support of last week in early Tuesday (New Zealand/Sydney) trading. Read full analysis for key levels.

GBPUSD 4hr chart

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