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GBP/USD ready to rip?

Scandinavian Capital Markets

USDOLLAR traded 12383 today, not quite reaching the proposed resistance zone. However, that may be the end of the counter trend bounce. Price reversed right at the upper parallel from a Schiff fork, the 200 period average on the 4 hour chart, and at a level that has been support and resistance since May 2019 (red line). As long as today’s high is in place, risk is lower in my opinion.

Scandinavian Capital Markets Review

Source: https://scandex.com/2020/07/01/market-update-july-1/
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