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UnknownUnicorn13514545

Gbp/Usd : Likely to break above the 1.4250 resistance/range top

Long
British Pound / U.S. Dollar (OANDA:GBPUSD)  
UnknownUnicorn13514545  
OANDA:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Beyond Technical Analysis Harmonic Patterns GBPUSD gbpusdlong gbpusdsignal gbpusdidea gbpusdanalysis gbpusdforecast gbpusd_forecast
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trendanalysis beyondta harmonicpatterns gbpusd gbpusdlong gbpusdsignal gbpusdidea gbpusdanalysis gbpusdforecast gbpusd_forecast
It looks like the stop loss hunt has been done around 1.4035 which is also the 50 day exponential moving average support and the price got a strong rejection from that level . SSI is around 35% and there are high volatile economic numbers / Press conference on the calendar today. Hence we are expecting an upside break out above 1.4250 resistance heading to further higher levels coming days.


Trend : Up
Signal : Buy @ market price , Pending buy limit orders above 1.4030
Target : 1.4250 and 1.4470 in extension
Stop Loss/Parallel position : Slightly below 1.3950
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