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themarketzone
Jun 11, 2017 3:15 PM

What's next for the Cable?  

British Pound/U.S. DollarFXCM

Description

GBPUSD crashed last week from the 1.3 resistance zone (weekly structure and bottom of a trading channel).
The pair is moving towards 1.26, which is the next major weekly support zone and a potential Buy Zone.
A potential swing trading opportunity is shown

Read more about GBPUSD analysis and more trading ideas in this week's newsletter (FOMC week)
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Comment

Approaching target zone:
Comments
themarketzone
themarketzone
This week's bearish setup is approaching its target zone (#WeeklyMarketsAnalysis)
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