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MACDdirection

Momentumdirection

Weighted M.A.direction

Tue, 22 May 2018 14:12:03 +0300
30 Minutes
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GBP/USD

 

ENTRY 1.34907 TARGETS 1.35224 1.35382 1.35699 1.36095 STOP LOSS 1.34115

 

Scenario 1

GBPUSD tested the strong support level at 1.34115.  A bounce up from the current level will lead the pair to reach the key resistance at 1.34907.  A successful penetration of this level will trigger an entry signal targeting the immediate take profit levels at 1.35224 and 1.35382.  A protective stop loss at 1.34115 is highly recommended.

Scenario 2

Should the pair manage to breach below the support at 1.34115, it will eliminate the bullish scenario, generating a sell signal.