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GBP/USD Forecast: Hard-Brexit fears to keep pound pressured

 

GBPUSD: Support Break-out chancing further Down.

    Breakage of the five-week-old upward trend signals the GBPUSD ‘s brighter chances of further downside to the 1,2900 round figure. However, the 1.2810-1.2800 horizontal region could contain the pair’s further declines. If sellers continue to dominate price movements below 1,2800, 1,2710 and 1,2610 could become their favorites. In the meantime, multiple resistors could confine the pair upside between 1,3040 and 1,3055. Should the quota rally beyond 1.3055, a downward slanting trend around 1.3115 would seem crucial, as a break opened the door for the quote rally to 1.3220. Our Unique Features: ————————————————————— 1. Follow our 15 signals ….10% equity will increase in your account for sure. 2. We are not Trailing stop! or average the trades. 3. 2% Risk Management Per trade. 4. Risk vs Reward up to 1:7. Note: Trade signals would usually have a risk to reward ratio of 1:2. It means that even 2 out of 4 signals hits their SL marks, the other two would have closed with profit. This allows you to be good in overall pips profit. Signals are usually inter-day (Based on the daily candle) therefore, trades would usually have a holding time of an average minimum of 24 hours. Note: […]


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