GBP/USD Is Preparing For A Long

The GBP/USD is preparing for longs. We might see a breakout to the upside.

W L3 pivot is holding the price. We can also see a series of higher highs and higher lows as the price looks bullish. 1.3850-60 is the zone where bounce might happen. Targets are 1.3897 followed by 1.3940 and 1.3980. However, the price needs to stay above 1.3795 in order to remain bullish.

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Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. On average around 80% of retail investor accounts loose money when trading with high ...

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