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ForexTrendline
Sep 10, 2020 5:15 AM

Want profits? Sell GBP! Short

BRITISH POUND / JAPANESE YENICE

Description

In yesterday's analysis, we said that GBPUSD would continue to fall. Today, there is no change in these expectations despite minimal stabilization.

It is this correction that is the ideal opportunity to include anyone who has so far failed. As with GBPUSD, the other good-looking option is GBPJPY!

Here the situation is similar:
- we have a break of the upward trend;
- break of previous support levels;
- test of the levels.

The opportunities for downward movement are not limited and the levels are:

136.51
135.02
134.16

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Comments
Avramov
I used this opportunity and I am happy now!
raazz1979
Thank you for the good analysis!!!
ForexTrendline
@raazz1979, Thanks for your support!
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