Recently we have seen a lot more strength across the board from GBP, with many pairs already breaking out long, and it looks like we could have more of the same here.

After a long bearish trend we have a nice bottoming pattern forming with this triangle on the Daily chart and we could find a nice trading opportunity long here soon. Personally i would want to see a bit more consolidation before any breakout as the follow through will likely be stronger. The way to think of it is like a loaded spring and so the more tension we build before then the bigger the move will be.

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