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jasperlawler

GBPUSD bottoming (US trade deal matters less than soft Brexit)

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Pound Inggris / Dollar AS (FOREXCOM:GBPUSD)  
jasperlawler Diupdate   
FOREXCOM:GBPUSD   Pound Inggris / Dollar AS
Trend Analysis Support and Resistance Supply and Demand GBPUSD GBP pound sterlingdollar
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trendanalysis supportandresistance supplyanddemand gbpusd gbp pound sterlingdollar
The British pound remains in a downtrend for now- but appears to be transitioning to a sideways range from 1.305 to 1.335
Fundamentally what Trump says about a US trade deal (GBP negative) matters less than improved chance of a soft Brexit from new UK gov whitepaper (GBP positive)

Scenario A) Downtrend pauses -- Price rebounds from 1.305-1.31 support zone to target 1.33 resistance

Scenario B) Downtrend resumes - Price breaks 1.305 (June low) to target 1.28 (Aug '17 low)
Komentar:
Scenario A) playing out nicely - 30 pips shy of 1.33
Trading ditutup: target tercapai:
Scenario A) worked, though careful MM needed to TP as price reached 10 pips shy of 1.33 before reversing back to entry point
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