We went long in GBP/USD (at 1.3335) and DAX (at 13240) and both trades have already reached our profit target.
GBP/USD: The pound sterling traded with a tailwind and broke above 1.3315, eliminating a potential double-top pattern in the medium-term. Is it now time for a run towards 1.35? Maybe, as long as crucial support levels at 1.3250 and 1.31 prove to hold. However, we note that any further upward movement might not be straight-lined since the pair remains in overbought territory.
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GBP/USD: The pound sterling traded with a tailwind and broke above 1.3315, eliminating a potential double-top pattern in the medium-term. Is it now time for a run towards 1.35? Maybe, as long as crucial support levels at 1.3250 and 1.31 prove to hold. However, we note that any further upward movement might not be straight-lined since the pair remains in overbought territory.
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We wish you good trades!