Dear Traders,
GBPUSD has been under strong bearish pressure in recent days, evidenced by both volume and price movement. This is due to robust USD support, which is keeping the price down further. While the drop hasn’t been as pronounced as initially anticipated, we should expect further declines as the DXY surpasses 100. Currently, there’s only one target but you can set your own target and stop-loss based on your risk management. Remember, market conditions can change rapidly, especially given the ongoing conflict in the Middle East. Therefore, trade responsibly.
Good luck and trade safely!
The Setupsfx_ Team
GBPUSD has been under strong bearish pressure in recent days, evidenced by both volume and price movement. This is due to robust USD support, which is keeping the price down further. While the drop hasn’t been as pronounced as initially anticipated, we should expect further declines as the DXY surpasses 100. Currently, there’s only one target but you can set your own target and stop-loss based on your risk management. Remember, market conditions can change rapidly, especially given the ongoing conflict in the Middle East. Therefore, trade responsibly.
Good luck and trade safely!
The Setupsfx_ Team
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Forex Bot: t.me/SetupsfxFOREX_Bot
Gold Bot: t.me/SetupsfxGOLD_Bot
Free Public Group: t.me/ssetupsfx_success
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Looking for intraday signals on Forex and XAUUSD (GOLD) with 98% Win Rate In Gold And 83% Win Rate In Forex!
Forex Bot: t.me/SetupsfxFOREX_Bot
Gold Bot: t.me/SetupsfxGOLD_Bot
Free Public Group: t.me/ssetupsfx_success
Forex Bot: t.me/SetupsfxFOREX_Bot
Gold Bot: t.me/SetupsfxGOLD_Bot
Free Public Group: t.me/ssetupsfx_success
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.