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GBP/USD

Pound..the aftermath!

Pound..the aftermath!

This morning we saw a gap down for the GBPUSD. A 260 pip gap down which saw selling pressure till now. An important level which I will continue to monitor if you had fail to sell last Friday is the low of Friday itself. The low is not support which current price action has to…

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Story of her Majesty’s currency

Story of her Majesty’s currency

This morning the GBPUSD gap up as weekend news reported a slight tilt towards Britain remaining in the European Union pre-election poll. Price however went straight up from the opening price and currently has stopped trading at the channel and WAWS top at 1.4603. We have a rising window forming from the gap. Marked in…

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Trades so far this week…

Trades so far this week…

GBPUSD While waiting for long term trades to setup, I usually put on my short term hat to look for opportunities. This week, I spotted opportunities with the GBPUSD and traded it twice. Monday 1st June, I spotted an opportunity to buy GBPUSD once price traded support area of 1.5208 and could not break strongly…

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GBPUSD hitting first level target

GBPUSD hitting first level target

I gave a mandate to buy the GBPUSD yesterday. I gave a first level target which is 1.5195. During the European market hours, price managed to hit the first level target. I shifted the target higher to 1.5222 during the trading hours based on price strength. Now lets see how price will react to the…

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