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British Pound / U.S. Dollar
Long
Updated

$$GBP/USD Pending Long Order

383
be careful with shorting the bottom of GBP/USD.. Looking At Gbp/USD There are many signs of a possible reversal in trend.
I've seen to identify possible support structure on GBP/USD Where price has bounce of the support area 3x.

However price is currently testing the 76.4% which it's struggling to close above, however i'm anticipating a 'Possible Break' upwards
And I Will not be entering this set up until i see a confirm close above 1.23859.

More Details Are On Chart.
Note
snapshot Price is in a consolidation zone, as i said it may possible break out upwards, but i will wait for confirmation before entering a long (as said on chart) however as i said in the description price is also struggling to close above 76.4% which may lead to more selling if price close below and more selling momentum to break the support trend-line where we may see price drop down back to 1.9022 i will also get in shorts if price does break out downwards as for now am flat and waiting for the opportunity of a possible breakout in either direction reveals it's self.
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Lay-Z
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Lay-Z
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.