GBPUSD 31/01

83
Clear uptrend however we are failing to close above this resistance around 1.375. Buys are preferred especially with the DXY falling with nothing right now to stop it. If we were to take sells it would be based off GBP weakness rather than USD strength.

Buys look really good on that TL touch that lines up with long term 38.2 fib, short term 61.8 and my support zone so it would be a wick spike entry with high RR $$$. if not a standard break and retest of 1.375 and of course the sell option is there but not preferred.

Penafian

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