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THOUGHTS ON THE MARKET.

GBPUSD MACRO LEVEL

5/29/2019

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​GBPUSD – Instrument has traded down into an area of significance on the higher time frames.

Trend: Bearish

Key Levels: Resistance 1.2890 - 1.2900. Support 1.2650 - 1.2670.

Price Action: Bullish bounce in the form of a pin bar.
​
Notes: I will be considering a long play on this instrument up into key resistance at 1.2890 before looking to continue the trend downwards.
Currently on my trigger time-frame looking for entry.


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    Dominic James

    Technical based trader sharing my thoughts

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