GBPUSD Trade Idea

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GU is currently in a strong uptrend, finally breaking the 1.3617 resistance. In yesterday's forecast, I expected GU to break above 1.3527, make a re-test and continuation to visit 1.3617 high which was exactly what the market performed. Will be focusing on long-term buying opportunities after some exhaustion pattern (eg, flag, pennant, higher lows, etc) or a re-test at 1.3610 zone for further continuation. The initial target will be at 1.38, however, do pay attention to 1.3711 resistance. Avoid holding overnight position today due to the public holiday and possible weekend gap.

Trade safe.

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٣١ ديسمبر ٢٠٢٠

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