Two Trades To Watch: Gold, GBP/USD - Wednesday, Apr. 21

The price is still testing this ascending trendline. If this holds then buyers could look to retake the 1.40 key psychological level and 1.41. 

However, failure to remain above this key ascending trendline could see the price slip back to retest the 50 EMA at 1.3795 and the 100 EMA at 1.37 (FXB). 

 

 

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