GBP/USD Strategy for 10/18 – Buy on a Dip

GBP/USD was in an expanded consolidation, with higher highs and lower lows as seen in the 4H chart. The latest rally however broke out of this sideways pattern and above the 1.6123 resistance pivot returning cable to a bullish outlook. It is currently testing the 1.6160 support/resistance pivot. The…

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GBP/USD Strategy for 10/18 – Buy on a Dip