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GBPUSD confirmed its uptrend last Friday (July 6 - NFP). Possible 1st TP @ 1.37https://www.tradingview.com/x/JoKRV0iY/
After completion of ABCD Pattern (yellow line), a build-up of strong support develops. Let's see if it bounce back to 14-15K.
Entry: 110.15 to 109.90
Perfect bounce from the trend line.
Target price: 1.32
Does bears cares? or Are there any sellers at all?
If bears awaken, they will dump this coin 'till 11K.
After a strong push by bulls last week, we are expecting the same movement for this coming five days towards the looming resistance above 1350 level. With impending geopolitical issue, let's see if bears can truly depend their territory.
With impending geopolitical issue between US & North Korea, this will go higher until 1440-1450 range before retracing back to 1230 & below.