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KaltoireCapital
Jun 10, 2020 5:47 AM

GBP/USD Bulls break the Resistance, Bulls target 1.30 now Long

British Pound/U.S. DollarFXCM

Description

I saw many traders selling GBP/USD for the last couple of weeks. That's why I published multiple updates on GBP/USD advising traders not to sell as the trend is clearly up. As I expected, GBP/USD bulls have broken the resistance level near 1.2650 and now the path of least resistance is to the upside(1.30).
400 Pips up on GBP/USD.

I expect GBP/USD to reach 1.30 very soon unless a big fundamental change happens in the market. Recommending traders to avoid selling the uptrend . It is a better idea to look for buy orders if a correction happens.
Comments
chimalex
What do you think about this idea? Following trending line, i have this

IMNAIJAYOUTH1
My thoughts on GBPUSD

KaltoireCapital
@IMNAIJAYOUTH1, Good work. Thanks for sharing
KaltoireCapital
@IMNAIJAYOUTH1, I agree with your thoughts
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