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WorldForex_Eng
Jul 4, 2019 4:50 AM

GBP/USD Review, July 1-5, 2019 

British Pound/U.S. DollarFXCM

Description

The currency pair corrected last week and tested the support at 1,2677. GBP/USD reacted on hints from the FOMC on refusing the aggressive easing.
British Pound has got some support from the Brexit delaying. This is a favorable factor for the short-term economic data. We recommend paying attention to the situation close to 1,2677 support level. In case of a reversal signal, there will be an opportunity to open a long position. There is a reverse hammer signal currently, but we do not recommend using it to open positions.
Comments
DACapitalTrading
Leave us a follow aswell mate :) Very good setup keep it up!
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