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GBP/USD: pound is trying to define which way to go
Recommendations:
BUY 1,274 SL 1,2615 TP 1,29,
SELL 1,257 SL 1,2625 TP1 1,245 TP2 1,2365.
EUR/USD D1
On the GBP/USD daily chart, there is a "bull - bear" battle for the 1.269 level. If the "bulls" manage to keep prices above it, the update of the December peak will open the way towards 1.29 resistance line. In contrast, the fall of the pair below 1.269 can lead to the rollback towards 1.2515.
On the GBP/USD daily chart, there is a "bull - bear" battle for the 1.269 level. If the "bulls" manage to keep prices above it, the update of the December peak will open the way towards 1.29 resistance line. In contrast, the fall of the pair below 1.269 can lead to the rollback towards 1.2515.
EUR/USD H1
On the GBP/USD hourly chart, quotes are moving within the upward trading channel. A successful test of the 1,274 resistance line can cause a continuation of the rally towards 1.29 (161.8% target in the AB = CD pattern). The nearest support is located near the 1.257 mark.
On the GBP/USD hourly chart, quotes are moving within the upward trading channel. A successful test of the 1,274 resistance line can cause a continuation of the rally towards 1.29 (161.8% target in the AB = CD pattern). The nearest support is located near the 1.257 mark.
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