Just as in Euro, the British pound is currently in an active up trend. While the price remains above the previous day's highest high, we expect nothing but a possible momentum to the upper side, the idea here is to keep looking for long term buy positions expecting the price to rally even higher. If the price pulls back down,. then the best place to consider a possible buy from is round the previous day's opening price. A break below the previous day's lowest low will attract a possible long term sell position.
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