GBP/USD Retreats from March High; Suggests False Breakout Scenario

Trendline break: To start the week, GBP/USD looked like it was about to confirm a break above a falling trendline. However, when it got to last week’s and the March high of 1.5259 it retreated, making the case for a false breakout to the upside, which could also suggest bearish continuation. Price…

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GBP/USD Retreats from March High; Suggests False Breakout Scenario

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