GBPUSD is above Support/Resistance Zone!

FX:GBPUSD   British Pound / U.S. Dollar
The price is above strong Support/Resistance Zone.
We can open Buy after pullback to Zone.
Potential profit will be in 3...5 times bigger than risk.
Trade active:
Comment: you can drag stop losses into breakeven if you trade this idea
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Agree with all, good analysis, although I treat support/resistance levels ultimately from EWA perspective.

Oxford Economics assigns 30% provability to a No-deal Brexit, with gbpusd =1.1 by the end of 2019.

Other scenarios - 1.25

3-4 years horizon - 1,45 in any scenario.

Overall too risky to trade this pair as soon as we approach the Date.
@WXYXXZ, thanks for shearing your thoughts, i appreciate it
Perfect call Yuriy , as always ! :)
GBPUSD is ready to test EMA 50 ( Daily Chart ) around 1.2357 .
Enough space for Intraday trading, and potential Reversal trade.
The previous bottom at 1.2383 is also a resistance.

Yuriy_Bishko CryptoTrend-Alerts
@CryptoTrend-Alerts, Thank you!
Yuriy_Bishko CryptoTrend-Alerts
@CryptoTrend-Alerts, nice chart
Same view, Yuriy! good work
Yuriy_Bishko VasilyPonomarev
@VasilyPonomarev, Thanks man!)
what about the long down trend that it reached yesterday ?
Yuriy_Bishko Ayoub_Fayad
@Ayoub_Fayad, look at the update
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