Start with 1000$. Increase by 3% every day. After one year 2 213 314$
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GBPUSD on the Verge of a Massive Breakout
I wrote about the potential for a bullish GBPUSD breakout on November 20th. The falling wedge that has developed over the last twenty years hints at a possible turn higher in 2021. However, as I mentioned last week and again over the weekend, GBPUSD needs to secure a close above the 1.3340 area. As of now, that’s a key resistance level. And a daily close above that area may not be enough. Given that the upper level goes back to the 2007 high, it may take a weekly or even monthly close above 1.3340. Furthermore, GBPUSD bulls need to clear the 1.3480 horizontal level to see the pair rally in 2021. So, what are the ... (full story)
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