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Feb 18, 2019 11:49 AM

GBPUSD Update: Resistance Breakout  Long

British Pound/U.S. DollarFXCM

Description

"The U.K.’s opposition Labour Party suffered a dramatic split on Monday morning after a group of its politicians decided to leave in protest over leader Jeremy Corbyn’s handling of Brexit."

Markets are pricing this development "GBP positive"

Break Above 1.29400

Targets: 1.29800 1.30300 1.31000

Comment

Reached the second target. Generated 110 pips so far. We move Sl to entry.
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