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GBP/USD Signal - 31 May 2021

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Signal Details
Entry Price: 
1.4193
Take Profit: 
1.4118
Stop Loss: 
1.4242
Direction: 
Sell
How we trade
Average: 5 (1 vote)

GBPUSD is ranging currently, and has rebounded out of resistance. The PPO is showing bearish momentum, and the range resistance lies around the key resistance zone of 1.42400. We anticipate continued downside into the 1.4118 level today, just above where support sits.

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Submitted by Toni H. on Mon, 31 May 2021 05:39:58 GMT

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Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion. All risks and coasts associated with online trading are your responsibility.

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