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GBPUSD Trend Lines

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On the GBPUSD H4 chart, there are multiple reasons showing there will be a bullish move soon.

  • There is a bullish 3-Drives pattern. Price should move higher to at least the 38.2% Fibonacci level.
  • There is a trendline which has acted as resistance and tested multiple times. It is likely to attract price and be tested again.
  • Stochastic with default settings indicates an oversold condition.

GBPUSD Trend Lines in Technical_topic=650

Price is currently 1.2356

The 38.2 minimum target is at the 1.2400 level. Which is also a good psychological level.

So this can be a fast profit of 44 pips minimum.
#31 - May 25, 2023, 12:01:56 PM
« Last Edit: May 25, 2023, 12:04:21 PM by Admin »


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