The GBPUSD climb higher has bumped substantial support at the descending trend line that has capped price action over the last year or so. The trend line currently rest around 1.6130. A break of this level would represent a strong confirmation that the trend higher will continue. Initial support begins at 1.6050. The FOMC decision tomorrow will most likely decide the fate of this pair. A break of 1.6050 could open the cross up to a move towards 1.5960. A push above trend line resistance could lead to a run higher towards 1.63.
Keane Plan....Any move up towards trend line resistance at 1.6130 could find sellers ahead of the FOMC.
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