Rallies limited in GBPUSD

Although the immediate bias is bullish, rallies are to be limited

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Rallies limited in GBPUSD
Monthly: Moving higher from the 2016 low of 1.1905. The last two months have posted Inside Harami candles (or soldiers), a clear sign of investor indecision. Bespoke resistance is at 1.4390 Weekly:  Moving higher within a bullish channel formation. Although we have seen a stalling in positive momentum close to the 261.8% extension of 1.4211 (from 1.1897-1.2781), there is no clear indication...