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      • Gbp pairs in focus

      Gbp pairs in focus

      • Posted by Mihai Iacob
      • Categories Forex Analysis
      • Date September 15, 2020
      • Comments 0 comment
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      GbpUsd- 1.3 is my target for correction:

      After finding a strong ceiling at 1.35 zone, GbpUsd fell like a rock smashing 1.3 support like nothing.
      The pair finally found support at 1.2750, market but former support and resistance in the past and an inverted hammer on Friday and a bullish engulfing yesterday.
      I believe we are in for a relief rally and the pair could rise to 1.3 zone.
      That being said, I will look to buy dips with a SL under 1.2750.



      GbpNzd- I will buy under 1.91

      With Gbp being so weak in the last weeks, also GbpNzd dropped more than 1000 pips.
      Now the pair is trading just above the strong support found at 1.9 zone and I expect at least a rebound from here.
      I will look to buy dips with at least 1.95 target.



      EurGbp- prone to a correction?

      The rise in EurGbp is more due to Gbp weakness than Eur strength…
      With GbpUsd finding a strong bottom at 1.2750 I expect a correction also for this pair.
      I will look to sell rallies with a .09150 target.

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      Mihai Iacob
      Mihai Iacob is a full time trader, educator, mentor and author. He started his career in 2002 by trading on the local stock exchange in Romania. In 2004, he began his transition to international markets where he has been trading exclusively since 2007 with a strong focus on Forex trading. In 2007, he launched the educational site forexedu.ro with the aim of educating Romanian traders in forex trading and helping them on their way to becoming profitable traders. In 2019 he launches Optimoomfx Telegram channel, a trading signal channel, in which he posts its own transactions, but also analyzes and explanations for subscribers to learn as they earn.

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