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This article was written by Nial Fuller. Nial is a highly regarded professional trader and author. He is the founder of Learn To Trade The Market, the worlds foremost trading education resource.
GBPUSD – Sterling/dollar holding below key resistance
The GBPUSD has been meandering sideways over the last six weeks, whilst holding below a key overhead resistance level near 1.3500. We can see in the daily chart below, that price fell lower late last week as it neared the key resistance area up near 1.3520 – 1.3400. We will continue to look to be sellers on any rallies (strength) this week whilst price ... (read more)