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FXlooney

GBPUSD + near term outlook

Long
British Pound / U.S. Dollar (FX:GBPUSD)  
FXlooney Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Chart Patterns
1
0
chartpattern
Projection = The odds favour the pound in near term. Expect 1.3060 , 1.3200, 1.3300, 1.3400 . Expect buying the dips.

Positive = Hope on the bexit deal supports the pound.
Negative = Increase in virus cases + unemployement + economy rebound dampening

Others = Global risk will affect the price action
Comment:
US Stimulus flop dropped strengthened USD.
Good buying opportunity . 1.2880 is supported.
Comment:
Closed all long positions.

Volatility is like to increase due to brexit headline. Wait for dip to buy.
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