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Short

GBPUSD#5:---> Hold the sell:

FX:GBPUSD   British Pound / U.S. Dollar
Good day, dear investors and colleagues traders!

To your attention, an analytical look at the currency pair #Gbpusd:

Comment_for_went_week:

The currency pair spent the entire trading week in the range of 1.2475-1.2231 last which is the Fibonacci support of 23.6% of the last movement.

The asset closed the trading week with a decrease of 200 points. The coefficient R also decreased to 282 points from 1046 the year before last.

Technical analysis:

Globally (D1-W1):
We are seeing a downward channel , which began in June 2016, and received confirmation in February-April 2017. The most incredible thing is that the lower border of the channel is at around 1.06, but the question is, will we reach the next 3 months?

Locally (H1-H4):

The currency pair was in the range all week, and further movement limited the Fibonacci resistance from the movement 09.03-19.03 = 1.2510 (61.8%). And most likely, we will see new declines.

Mathematical resistance and support levels for this week:
~ will be available on Monday:
a) Resistance: 0.0000, 0.0000 and 0.0000;
b) Support: 0.0000, 0.0000 and 0.0000;

Indicative_analysis:

* Leading indicators: Left the overbought zone and sank into the normalized zone.

* Price behavior indicators: Demonstrate the return of the price to a "normal state".

* Trend indicators: show a trend-down.

Final recommendations:

We continue to hold the sale from 1.2382

The positions of the WMCI Asset Management Indirect Management Fund are always available for online monitoring.

If you are interested in cooperating with us and also if you need a link to public monitoring, please contact us by email: wmci.messagecenter@gmail.com.

Regards to subscribers,
Ltd ”Wermelgion and Partners Investment”


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