The GBPUSD fooled traders once again after breaking below a bundle of trend lines around 1.61 but could not harness the energy to push lower. The cross burst higher with risk in New York Thursday to test the 50 fib from the recent push lower. The pair is at a cross roads at the moment. A hold of the 50 fib could lead to yet another test of the descending trend line at 1.61. A push higher runs into resistance at the short-term descending trend line at 1.6240.
Keane Plan....Watching the price action after NFP.
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