The Pound Sterling Surges on Election Outcome – Major Technical Price Breakout

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The Pound shot higher against a host of major currencies on the results of the exit poll of the General Election, showing that Boris Johnson’s Conservative party were on course for a landslide unseen since the era of Margaret Thatcher. Looking at the chart we can see a clear major price breakout above long term declining trend line resistance. Considering the good potential for further price increase to previous 1.40 resistance level in GBP/USD, now look like a good time to jump on the train on any price correction opportunity or scaling into a position. look at the chart below for more technical view on GBP/USD

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