12th April 2018
GBPUSD trades at 1.4240, +0.47% on the session, and is now taking on a critical zone of resistance between 1.4245/75. The pair has peaked in the zone on multiple occasions since late January, with no close above however. Bears are firmly zoned in on the level but there is only so many times it can be tested before seller fatigue sets in.
A break above would see 1.4345, 2018 peak, brought immediately into play and the 1.45 handle a target for the bulls. The bears would be eyeing the 1.4140 and 50-dma at 1.40 as a target.
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