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GBP/USD: Plan for the US Session on December 2 (Review of Morning Trades). The Pound Rebounds from 1.2681
In my morning forecast, I highlighted
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In my morning forecast, I highlighted the 1.2681 level and planned trading decisions around it. Let's review the 5-minute chart to see what happened. A decline and the formation of a false breakout at this level provided a strong entry point for buying, resulting in a rise of nearly 30 points. The technical outlook for the second half of the day remains unchanged.To Open Long Positions on GBP/USDDespite weaker-than-expected UK manufacturing data, the pound remained stable above the 1.2681 level.
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Miroslaw Bawulski,
Analytical expert of InstaForex
© 2007-2024
GBPUSD
Great Britain Pound vs US Dollar
Summary
Sell
Urgency
1 day
Analytic
Maxim Magdalinin
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