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Pound/Dollar: Break From 1.5242


The pound updated the minimum at the American session, but didn’t make it to the level we wanted. Due to this there was a recoil that was bigger than expected. The trend line was broken. The pound/dollar lifted to the LB after weak US stats came out. If the pound will even lift any higher, I reckon it’ll be via a rebound to 1.5275. This is why on my forecast I’ve indicated a fall for the GBPUSD to the trend line at 1.5275.

Hourly Graph


On the daily I’m keeping the target at 1.5207.

Daily Graph


I’m awaiting a break in 1.52 with a 1.5080 target.

Weekly Graph


Forecasts which are made in the review constitute the personal view of the author. Commentaries made do not constitute trade recommendations or guidance for working on financial markets. Alpari bears no responsibility whatsoever for any possible losses (or other forms of damage), whether direct or indirect, which may occur in case of using material published in the review.

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