GBP/USD breaks above bearish trendline conducted since August 2015. It had tested the line from above and now we’re witnessing further gains.
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It might be an attempt to break the key resistance level at 1.4665 where high from February 2016 is placed. This area has been already tested once and if the bears gives up it will continue the bullish Head and Shoulders formation.
On the other hand, GBP/USD can back off to 1.4510 and test it once again.
