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GBP/USD: Trading Plan for the U.S. Session on November 8 (Review of Morning Trades). The Pound Faced Selling Pressure
In my morning forecast, I highlighted
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In my morning forecast, I highlighted the 1.2935 level as a key area for making trading decisions. Let's examine the 5-minute chart to analyze what happened. A decline and false breakout around 1.2935 provided a strong entry point for buying the pound, resulting in a rise of over 40 points. The technical outlook for the second half of the day remains unchanged.To Open Long Positions on GBP/USD:The sharp drop in the pound to 1.2953 was met with strong buying interest,
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Miroslaw Bawulski,
Analytical expert of InstaForex
© 2007-2024
GBPUSD
Great Britain Pound vs US Dollar
Summary
Buy
Urgency
1 day
Analytic
Maxim Magdalinin
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