Michael_KM
Long

Potential long opportunity GBPUSD

FX:GBPUSD   British Pound/U.S. Dollar
5 months ago
Hello Traders,
Price came very close but if we can actually reach 1.4094 then we have a Bat pattern which completes at the 88.6% fibonacci retracement level.
This pattern completes in an zone of support.
Furthermore, this pattern serves as a continuation of the recent uptrend.
Target 1: 1.4354
Target 2: 1.4510

Note that that we have CPI             (inflation) figures coming out in the UK. We have a forecast of 0.4%. Typically if the actual figure is greater than the forecast we could see an appreciation in GBP. Since it may lead to the Bank of England raising interest rates.

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5 months ago
Comment: Price seems to have respected the previous support level. Lets see if we can head towards targets.
5 months ago
Comment: Target 1 hit
5 months ago
Trade closed: target reached: Target 2 reached. Follow for more !
ChandanAgrawal
5 months ago
what about next support
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Michael_KM PRO ChandanAgrawal
5 months ago
Can you be more specific please
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ChandanAgrawal
5 months ago
I want to know about gbp/usd next support
Reply
Michael_KM PRO ChandanAgrawal
5 months ago
I will private message you to clarify what exactly you want to know!
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ChandanAgrawal
5 months ago
My no. Is +919425510074
Reply
Michael_KM PRO
5 months ago
Price seems to have respected the previous support level. Lets see if we can head towards targets.
Reply
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