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T3-Consultancy

GBPUSD M30: Bullish outlook seen, further upside above 1.1820

Long
British Pound / U.S. Dollar (FOREXCOM:GBPUSD)  
T3-Consultancy  
FOREXCOM:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns USD GBPUSD gbpusdlong gbpusdbullish Forex forexsignals forextrading
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trendanalysis harmonicpatterns chartpattern usd gbpusd gbpusdlong gbpusdbullish forex forexsignals forextrading
On the M30 timeframe, prices are hovering a key support zone at 1.1820. A throwback to this zone could present the opportunity to ride the bounce to the resistance zone at 1.1880, which coincides with the 38.2% Fibonacci retracement. Stochastics are in the oversold region below 20, supporting our bullish bias.
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