With some major UK data scheduled over the next couple of days , Sterling is at a crossroads and getting squeezed with a break either side imminent.
Should it break into the Blue Zone , would consider going long on a retest of the upward trendline.
Conversely , a break into the redzone particularly below 1.43700 and the scenario turns bearish.
Both scenarios offer good risk reward and the countdown is on.
GBP/USD 4 Hour:
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