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How I’m trading cable: Coleman

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Ian Coleman believes GBPUSD is set to move higher based on a technical analysis of the charts.

Coleman says there are several formations supporting a move to the upside including a possible reverse Head and Shoulders formation. But there is one factor, which could stall price action, which is why Coleman is looking to buy on a dip to 1.4280, with stop at 1.4250 and his targets are 1.4335 and 1.4405.