GBP/USD Technical - 08/MarchBy Praful Patat GBPUSD is forming wage formation on 4 hour chart, now if break of 1.6400 resistance further going up side toward 1.6444-1.6525 area as per wage formation pattern on 4 hour chart. GBPUSD break of 1.6310 daily PP next target will be 1.6224 on intraday and on up side break of 1.6400 resistance immediately resistance at 1.6525. GBPUSD will possibility to back from 1.6525-1.6542 area as trend line pass of wage formation complete. Strategy: GBPUSD buy from support or sell from resistance. New High: 1.6335, 1.6378, 1.6364. New Low: 1.6249, 1.6292, 1.6278. Pivot Point: R3-1.6395, R2-1.6363, R1-1.6343, PP-1.6310, S1-1.6277, S2-1.6257, S3-1.6224.
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