GBP/USD – Consolidation and Breakout Scenarios

Consolidation: GBP/USD has consolidated since falling sharply on Monday (2/25). It has found a range between 1.5072 support and 1.5218 resistance. You can see the moving averages converge. The closer they converge, the more ready the market is to resolve the next swing in the short-term. Momentum:…

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GBP/USD – Consolidation and Breakout Scenarios

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