See also
We continue to look for key-support at 136.41 to be able to protect the donwiside for a clear break above the next resistance at 137.20 for the next impulsive rally higher towards 137.88 and 140.20 as the next upside targets.
Short-term key support is seen at 136.41 which should continue to protect the downside. We might see short-term penetation below this support.
R3: 137.88
R2: 137.20
R1: 136.78
Pivot: 136.54
S1: 136.41
S2: 136.22
S3: 135.82
Trading recommendation;
We are long GBP from 135.45 and we have our stop placed at 135.45.
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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
GBP/USD Analysis: On the higher time frame of the pound sterling's major pair, a bullish trend has been forming since July last year. Over the past month, an extended corrective
EUR/USD Analysis: On the 4-hour chart of the euro major pair, an upward trend has been developing since early February. The structure of the wave has been forming its final
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