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GBPUSD: Trading like this can be profitable today

British Pound / U.S. Dollar (FX:GBPUSD)  
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FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators gbpusdshort GBPUSD gbpusdanalysis gbpusdsignal gbpusdidea gbpusdtrade gbpusdlong gbpusdforecast gbpusdsetup
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trendanalysis chartpattern indicator gbpusdshort gbpusd gbpusdanalysis gbpusdsignal gbpusdidea gbpusdtrade gbpusdlong gbpusdforecast gbpusdsetup
snapshot

Hello everyone, GBPUSD is currently in a downtrend and approaching support. The support level has already been marked on the 4-hour chart, and I believe that a rebound could happen here. As for today's downtrend, I updated my strategy earlier for EURUSD, where I recommended a short trade, and it's now close to the take-profit level.

On the 1-hour chart, it is evident that the trend line has been breached, and the support level is very close.

snapshot

I'd like to mention that often when the US dollar index rises, most non-US currencies tend to fall, so trading can be similar in many cases.

Thank you for your attention and support. I will share more good strategies for you to refer to and help you profit better in the market. If you have any questions, feel free to leave a comment, and I will provide the most reliable solutions to help you solve your problems!

Wish you a pleasant day!
Comment:
Long position trading begins.
Trade active:
Add to long positions.

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