GBP/USD forecast - page 105

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Victoria Jensen:
The pair broke out below 1.3200 and if it breaks out below 1.3130 it will likely reach 1.3100 again.

what is your plan?

 
The pair is quite bearish, it may even break out below 1.3100.
 
It found some support at 1.2960 but the move to the downside will likely continue.
 
The pair got away from the support but today it went back in, looks like it could attempt a bullish move.
 
The pair is retracing and it will likely reach 1.3160 again.
 
The British pound was up against the US dollar on Friday. By the close of US trading, GBP / USD is trading at 1.3130, adding 0.89%. I believe that support is now at 1.2957, Thursday's low, and resistance is likely to come in at 1.3295, Monday's high.
 
With latest Brexit proposal has been rejected by EU leaders, traders await new Brexit headline while GBP/Usd steady around 1.31. Immediate resistance can be found at 1.3155, the pair will be expected to hold near it for the short term.
 
The pair bounced off from 1.3160 and it will likely fall back towards 1.3065.
 
Yoyoyoyooo.....
 
The downtrend for the coming months is still very strong. 5000 points from the current price.
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