GBPUSD – Key Support Resistance Level Update

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GBPUSD  240 Minute Chart

1-10-gbpusd-1

***Monitor Price Action Closely as price approaches a Key Support /Resistance Level for clues to whether the Key Level is likely to Hold or Break.  A strong Momentum Breakout that closes outside the Level will signify a high likelyhood of a continuation in the direction of the Breakout…..while a Strong Price Rejection around the Key Level will provide confirmation on the strength of the Key Level, and the higher likelyhood of it holding.

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