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Daily updates for the pair --- Gbp/Usd
this pair always gives me a good profit on every trade .today its move is much better than previous .The money management of the trading trend is very effective for getting profits with the stop loss and take profits method of getting with current trade position.
Today Trend for this pair is : buy
overall up movement; 1.2713
over all Down movement : 1.2667
running point of today market; 1.2698
My judgments always make me to control the forex market movement. But please you always put a take loss in your trade for reduce your risk. Best of Luck
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GBP against the dollar traded positively noticeable this morning after the previously breached neckline of a head and shoulders bottom test, which supports the continuation of our expectations for upside effectively during the coming period, reinforced by the positivity on Stochastic on the time frame of four hours, waiting for targeting the level 1.3270 initially, which It represents a break along the upside wave towards the key 1.3560.
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Long term movement pivot, Resistance and support levels are as follows for today date.
Current market price is at - 1.2708
This currency name - GBP/USD
Resistance and Target - 1.2826
Support and Stop Loss - 1.2590
Always follow Long time frame market trend.
Signal is Sell.
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GBP/USD currency pair.
forecast Date - Wed Dec 26 2018
Today forex signal - Buy.
Support 3 - Support 2 - Support 1.
1.2521 - 1.2590 - 1.2639
Resistance 1 - Resistance 2 - Resistance 3.
1.2757 - 1.2826 - 1.2875
Time frame that is considered while making support and resistance levels - Daily and weekly Time frame
Consider the daily economic news before taking the trade.
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The Pound outperformed its major rivals, rallying up to 1.3272 against the greenback during the US afternoon. In the UK, the release of the BBA report showed that mortgage borrowing was unaffected by the Brexit, as net mortgage borrowing is 3% higher than a year ago. The number of home loans issued was of 37.662K against 38.500K expected, against a downwardly revised 39.73K in June. Despite the report is not usually a big market mover, it helped the GBP to extend its rally this Wednesday, as it's another sign that the referendum didn't harm the economy as much as initially estimated. Holding above 1.3200, the 1 hour chart shows that the upward movement has reached a short term top and began a downward corrective move, given that the technical indicators are retreating from overbought levels, although the price remains above a bullish 20 SMA, currently around 1.3210, indicating that the downward potential is limited. In the 4 hours chart, indicators are also retreating from overbought levels, but the price is well above its 200 EMA, currently at 1.3200, while the 20 SMA heads strongly higher well below the current level.
Support levels: 1.3200 1.3160 1.3125
Resistance levels: 1.3260 1.3290 1.3320
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Pair: GBPUSD
Current price: 1.2673
Resistance level 1 1.2660
Resistance level 2 1.2648
Resistance level 3 1.2633
Support level 1 1.2687
Support level 2 1.2696
Support level 3 1.2708
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the day by day candle conclusion above 1.5655 ruins further bullish pattern and upgrade the bearish side of the market towards 1.5615. as per the every day time span, GBP/USD match is improving the bearish side of the market.
bolloner band, parabilic SAR and moving normal are speaking to that market will move into bearish pattern and this continuations likewise expected even today from 1.5655 to 1.5615. so it is a beneficial zone.
move 1.5655, take benefit 1.5615, stop misfortune 1.5695, break out purchase 1.5700
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Winning signals - Profit signals.
Today Target Pair - GBP/USD
Today main profit zone .
1.2692 - 1.2711 - 1.2723
Today main support zone.
1.2630 - 1.2649 - 1.2661
Follow my trades with risk management in mind.
Always make profit - calculate the profit at month end.
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On sets GbpUsd has my investigation on the present market position at point 1.6099 and time allotments H1.
I use pointer Stoch (5,3,3) at that point it will be the incentive at point 60 with the goal that progressively coordinated at the Purchase
in the event that information from computation from Yesterday High of 1.6102 and Yesterday Low of 1.6018 at that point turn on 1.6073
so I prescribe you to Purchase to take benefit on 1.6129 and stop misfortune at 1.6069. Good fortunes and ideally benefit.
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Today at date 2013/10/31 on the sets GbpUsd at market time on 02.59 I examine from graph that is the time span on M5, M15, M30, H1, H4, M1, and D1 plot prompts increasingly down pattern condition, and the Bollinger Groups pointer is likewise up pattern and MACD marker is demonstrated break high flag and bolster obstruction is appearing
- R3 : 1.6179
- R2 : 1.6139
- R1 : 1.61
- Turns : 1.6060
- S1 : 1.6021
- S2 : 1.5981
- S3 : 1.5942
so I can prescribe you to hold and pause or moment arrange with vacant position Purchase with SL=1.6021 and TP=1.6081