GBPUSD has been consolidating in a descending triangle formation since late December after an uptrend throughout November and December 2023. The pair is currently struggling around the upper resistance zone of the descending triangle. We anticipate a retracement to the support zone of the triangle pattern around 1.2613.
🔴 Sell Entry: 1.2747
🎯 Target: 1.2613
⛔️ Stop: 1.2797
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🔴 Sell Entry: 1.2747
🎯 Target: 1.2613
⛔️ Stop: 1.2797
All forms of investments carry risks, including the risk of losing more than the invested amount and may not be suitable for everyone. This advertisement has not been reviewed or endorsed by the Monetary Authority of Singapore. Please ensure you fully understand the risks and costs involved by reading the Risk Disclosure on phillipnova.com.sg.
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.