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Cableshort

GBP USD update - still in shorts for the long termHello Traders and analysts, We are currently in sells - Here is our take on GBP USD - a view for lower time frame traders. The eyes - are sell targets The eyes - are potential buy zones. it depends on your outlook. but expect next week at the start to see a rebound for the GBP in order to provide a fresh discount for the USD to get further orders from the banks to continue to sell. Over looking the lower timeframe we see the lower lows and lower highs in more detail with most recent price breaking below and now testing the most recent lows (of course where price has broken the ray in Blue This pair is currently in a small period of consolidation between the orange zones. Expect a further bearish move to line up as the Pound is looking for trade flows from countries and also accepting the weakening but for import, export and GBP growth, a fair smart thing to do. Remember: go against the retail mindset you have. Price can retest** the 1.30 zone again before dropping further. The probable scenario will be to reject 1.28 in our bias. Why follow us? Updates on our pairs as and when we can. Swing trade out looks 10 years combined experience in capital markets simple breakdowns for beginners to advanced . KISS - keep it simple stupid. we trade purely from naked charts, less indicators - remove the noise. If you like our work, please leave a like or comment. To all our followers, we appreciate the follow and likes. Thanks, Team Lupa
Short
by LupaCapital
GBPUSD Retracement - Waiting for High Impact News. *OHLC* As I had mentioned in my previous idea, I was looking for a lower objective for the week, but I also accepted the idea of a possible retracement. If my objective was going to be reached, Cable would have needed to immediately expanded to that on Monday. As of right now, the objective I had for the week on Cable may need to wait. I am still overall short on Cable, but I am now open to the idea of being nimble (scalps) with longs.
Short
by TheMystiqueTrader
GBPUSD - EXPECTING A SHORT TERM BEARISHNESSGood day Traders, My analysis on cable remains strongly bullish. However, looking closing at the chart, you would observe that the pair has reacted to a previous weekly high as well as a level of resistance which is the portion shaded red. I am expecting a short term bearishness in the form of a pullback and will be studying price action around key levels marked up. It is important to remain patient until the market gives a clear indication, and starts breaking structure on the lower TF. Target 1: 1.28134 Target 2: 1.26696 Happy Trading and Stay Safe Folks.
Short
by Seun_Abilawon
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