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#GBPUSD: Important Breakout GBPUSD formed a high momentum | VasilyTrader (Free Forex Signals)

#GBPUSD: Important Breakout

GBPUSD formed a high momentum bullish candle on a daily time frame yesterday.
That candle closed above a key horizontal resistance.

The broken structure and a major rising trend line now compose a contracting demand zone
- the area from where the next bullish movement will initiate.

Next resistance - 1.263
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