| Trade Idea GBP/USD intraday: the downside prevails. |
Pivot: 1.5570.
Our Preference: SHORT positions @ 1.556 with 1.547 & 1.544 as next targets. Alternative scenario: The upside penetration of 1.557 will call for a rebound towards 1.562 & 1.564. Comment: as long as the resistance at 1.557 is not surpassed, the risk of the break below 1.547 remains high. |
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Disclaimer
The analysis we provide is based on the average estimate of price movements in one day. Does not guarantee what we deliver is actually a proper and correct. Everything that happens in the decisions you make on your trading transaction is to be Your responsibilities.
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