FX_IDC:GBPSEK   BRITISH POUND / SWEDISH KRONA
Last post: May 2nd. See chart.

Review: A possible breakout and a close above the resistance zone around the round number 12.0000 was on the horizon.

Update: Price failed to breakout and, instead, pulled back to the daily 50SMA.

Conclusion: Price is now showing strength again. A breakout above is still required.

Any comments or questions, do not hesitate to leave them below. Hit agree if you share our sentiments!

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