GBP/USD Forecast: Pound Testing Top of Major Channel

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GBP/USD Forecast: Pound Testing Top of Major Channel
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GBPUSD forextrading - British Pound testing top of major channel

If we do break out to the upside, I believe that the target will be closer to the 1.38 handle, which of course is the next swing high that is at the upper part of the channel.

The shape of the candlestick for the day is a hammer, so that does suggest we are building pressure to the upside

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