Currency Pair: GBPUSD Frequency: 4H Predicted Direction: Long
1. Bullish Anti Gartley Enter = 1.29618 Stop Loss = 1.29323 Target = 1.31307
2. Bullish Alternative Shark Enter = 1.28460 Stop Loss = 1.27768 Target = 1.30698
Comment
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Contributing to the poor performance of UK CPI, pound dropped immediately to hit my first stop loss. If GBPUSD can stand steady at 1.2846 level, I expect it will have a quick correction to 1.30 level, otherwise, there is more space to drop till 1.26.