GBP/USD: Prepare for breakouts! Looking at the daily chart we see that prices narrowed, formatting a symmetrical triangle which could predict upcoming price breakouts on either side. Buyers should watch out for prices above 1.3075 in order to buy pounds toward 1.3250 while sellers could wait for a break below 1.2990 in order to anticipate lower targets between 1.2930 and 1.2880. Below 1.2850 the cable could experience a steeper decline toward 1.2770 and 1.27.
Daily Forex Signals:
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EUR/USD
Long @ 1.1820
Short @ 1.1740
GBP/USD
Long @ 1.3065
Short @ 1.3020 Position hit profit target
DAX (GER30)
Long @ 11970
Short @ 11790 Position hit profit target
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Daily Forex Signals:
If you are keen to know where we put Take-Profit and Stop-Loss and how we manage our trades, subscribe to our signals
EUR/USD
Long @ 1.1820
Short @ 1.1740
GBP/USD
Long @ 1.3065
Short @ 1.3020 Position hit profit target
DAX (GER30)
Long @ 11970
Short @ 11790 Position hit profit target