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Forex Trading Education: Why today's price action is key for the GBPUSD

By on July 28, 2020 0 20 Views
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Breaking but not fully broken…

The GBPUSD pushed above a “tough nut to crack area” defined by Fibonacci resistance at 1.46339,, trend line resistance at 1.4650 and a prior swing high at 1.4667. That break sent the price to a new high going back to January 5th. But, the price has since moved back down and in the process moved below the old swing high at 1.4667.

That may muddy the water depending what happens next. So today is key for me. Find out more details by watching my short video.

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High Risk Warning: All news, opinions, research, data, or other information contained within this presentation are provided as general market commentary and do not constitute investment advice. ForexLive expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information.

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