Long remains valid. From the support level 1.31960, you can open a good long position towards the level 1.34110.
BUY scenario: Long from 1.31960 or after breaking through the level of 1.32530.
----------------------------------------------------------------------------- Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
The history of the pair coupled with the Geo political situation shows the trend in a downward position. How can you justify going long? Is this a short term pump if so what’s your rationale?
TradePlus-Fx
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Amazing :)
ichukx
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I am in a long position though. but the geopolitical situation is working the psych of the market. consider market reaction today friday. unbelievable right? from history, I mean i have followed this GBP Down trending for more than a year now and it has always acted funny at some point. (see daily chart). it should go up but not untill it sees some light in fundamentals. still long though.
ProjectSyndicate
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great chart and technicals
UnknownUnicorn15614419
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Tell me your opinion! What direction are you looking in?