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Weighted M.A.direction

Thu, 17 Jan 2019 14:33:14 +0200
30 Minutes
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ENTRY 1.28785 TARGETS 1.28973 1.29068 1.29256 1.29492 STOP LOSS 1.28314


Scenario 1

GBPUSD is currently trading between 1.28973 and 1.29068.  Any strong movement will push the market to breach the resistance level at 1.29068.  Should the pair manage to cross this level, it will fuel the rate further to test the resistance levels at 1.29256 and subsequently at 1.29492.

Scenario 2

Should the pair manage to breach below the support at 1.28314, it will eliminate the bullish scenario, generating a sell signal.