“GBPUSD – A selloff was posted in GBPUSD yesterday with the pair trading to the lowest level in 7 weeks. However, buyers emerged under 1.5126, the 61.8% pullback level from 1.4830-1.5606. Bullish momentum resulted in the pair trading back inside the daily channel, a false breakout. Intraday signals are now mixed with this important Fibonacci level acting as support and the daily Ichimoku Cloud cover as resistance. Our call today is Mixed Signals – Buy a dip at 1.5126 or sell at 1.5190 (35 pip stop). Targets will be posted when the trade is triggered
Support levels are: 1.5126, 1.5070 and 1.5032
Resistance levels are: 1.5159, 1.5190 and 1.5202
... [Read more]”
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