GBPUSD: fall in the process of forming a new growing trend
At the beginning of this week, the price touched the resistance line at 1.416. This is a small new line that was formed during the uptrend that started from the main support at 1.373 in April this year. The price consolidated at the 1.416 line and started to fall. Now we can expect it to return to the 1.393 support line.
Remember, there is no place for luck in trading - only strategy!
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.