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GBPUSD forecast with Technical Analysis.
Today GBPUSD opening 1.6844 opened lower than yesterday's opening day of the previous week Friday with prices masihterjadi downtrend to 1.6931 and GBPUSD pair. Technically using fibonaci price now 1.6857 and price want to try up to the pivot at 1.6684 price.
we using Fibonacci price now 1.6845 and price want to try to break in to the bullish above 1.6849 price and if the price can be breached then the next price will be towards 1.6864 and even 1.6879 with the movement of the price range 1.6895 -1.6926.
SELL STOP 1.6825
BUY STOP 1.6855
GBP USD remains on the upside and is challenging its resistance. My preference: Long positions above 1.678 with targets @ 1.685 & 1.69 in extension. Alternative scenario: Below 1.678 look for further downside with 1.675 & 1.6715 as targets.
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