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British

GBP/USD - Breakout. It is difficult currency to predict at the moment. The BoE are meeting on Thursday, where they are expected to lower interest rates; this could see the GBP slump towards 1.25, as per all the economists are forecasting. Anyways, at the moment you can classify the pair to be in a rectangle and a wedge shape; if the wedge breaks bullish, then the resistance will be 1.301 (the top of the rectangle), likewise if the wedge breaks bearish support will be at the 1.2891 level.
by Coneyhull
EURGBP - Bearish Gartley Into Wave 4 Before Catching Wave 5!We have a nice potential Gartley about to complete around 0.79284, you can look to sell right there with your stop loss at 0.79550. Your first take profit on this one will be 0.78660. Once you close that trade, you should be looking to buy EURGBP into around 0.80000 which will most likely be the completion of wave 5. Good luck! (Wave count may be wrong, however the Gartley still looks like a solid sell for everyone. Watch out for GBP news tomorrow! If you are in profit tonight around 30 pips, put your stop loss at break even so that way you can ride it through the news tomorrow.
by PipsUniversity
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