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FXAutomate
Oct 11, 2021 7:03 AM

Correction followed by new leg down Short

British Pound/U.S. DollarFXCM

Description

GBPUSD is currently seeing a correction that looks like it might still have a little ways to go. The resistance zone would be between the Daily 50 SMA @ 1.374 and the Monthly R1 @ 1.378. From there I expect the price to head back to support @ 1.341 before setting up for new lows.
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