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SUMMARY:
The primary trend of GBP/USD is sideways on charts and from past few trading sessions costs don't seem to be sustaining at lower levels & consolidating close to the vital level of 1.4870. In its half-hour chart, costs are consolidating with strong positive bias to grant break out at upside. it's also taking support of 30 and 200 DMA. If the pair breaks the resistance level of 1.4880 at upside then we will expect it to check the extent of 1.4935/1.4970.
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GBP/USD
( 30 Minutes ) :
CHARTS |
INDICATORS:
RSI is sustaining in buying territory supporting the future bullish trend within the pair.
MACD line is also sustaining in buying territory indicating the bullish trend within the pair.
STRATEGY:
GBP/USD has bounced back from the lower level & looking bullish on charts for next few session. One can opt for buy on dips strategy for this pair for intra day to middle term positions.
PIVOT POINTS :
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S3
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S2
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S1
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PIVOT
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R1
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R2
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R3
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EUR/USD |
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GBP/USD |
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USD/JPY |
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USD/CHF |
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AUD/USD |
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EUR/GBP |
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USD/CAD |
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NZD/USD |
0.7563
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