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GBPUSD analysis 26.10.2020

26.10.2020

Market Review

GBPUSD 

The overall trend is upward. The currency pair is trading in the range of 365 and 135 moving averages and the lower border of the ascending price channel. The internal M15 level pattern is truncated, and Stochastic Oscillator indicates an oversold condition.

#GBPUSD rare online: monitor the price movement in real time.

Trading recommendations:

Buy when a descending wave pattern is formed, where the wave (A) breaks through price pivot zone 2 of the wave C (1.3057).

Stop loss under the local minimum.

Target levels: 1.3169; 1.3239.

Author: admin
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