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06.02.202009:43 Forex Analysis & Reviews: GBP/USD: Everything goes according to plan

Long-term review
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Good afternoon, dear traders! I present to you an analysis of the GBP / USD pair.

So, according to our recommendation yesterday, the pair rolled back from the short-term initiative of the last two days by 50% and made it possible to go on sale within the ABC structure at the best prices:

Plan:

Exchange Rates 06.02.2020 analysis

Current status and goal:

Exchange Rates 06.02.2020 analysis

If you followed yesterday's trading recommendations for the sale of the pound, I recommend moving the transaction to breakeven.

On the breakdown of the round level of 1.29, I recommend closing profits and spending money.

Success in trading and control the risks!

Andrey Shevchenko
Analytical expert of InstaForex
© 2007-2024

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