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TECHNICAL ANALYSIS

We provide an up-to-date Technical Analysis reports of the forex market, metals, oil and global indices to highlight the most important expected movements on the charts.

GBPUSD October, 29 2020

Technical Analysis
Thursday, October 29, 2020 - 03:26
Point Trader Group
GBPUSD October, 29 2020

Overview:

prices are moving in an upward short-term direction

Expected:

The pair is trading above a strong support level around 1.2926, which enhances chances of a bullish move during today's trading to 1.3050. 

Alternative Scenario:

breaking 1.2900 to the downside, may push the pair down to 1.2820

Resistance1.30501.30801.3100
Support1.29261.29001.2820

*Risk Disclaimer: Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.

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