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Forexexpats

DXY sharp reversal after weak NFP last week GBP/USD weakness.

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
Forexexpats  
FX:GBPUSD   British Pound / U.S. Dollar
Chart Patterns
4
0
chartpattern
GBP/USD has been correcting for some time now but hasn't reached an ABC equal legs yet. The sharp reversal in the DXY last week even after a bad NFP reading suggests GPB/USD weakness to 1.33 and maybe below.
Good 2:1 reward risk at market open on Monday 11th October.
TP 1 at 1.3425 previous low.
TP 2 at 1.33
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