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Forex Trade Idea: Looking to Buy GBPUSD On Pullback Into Support | Dec 16th
Chris Capre’s current live open price action & ichimoku trades: GBPUSD, SUI20, CORN, USDMXN, CHRW, NZDCAD
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GBPUSD – Looking to Buy On Pullbacks Into Support (1hr chart)
Price Action Context
After skyrocketing post UK election with Boris Johnson winning handily, the GBPUSD forex pair has sold off in a corrective pullback after spiking into the major resistance around 1.3480/1.35. I’m suspecting this is some profit taking before the next leg up.
Hence I’m looking to get long on a pullback into support.
ST and MT bullish while above 1.3015 on a daily closing basis.
Key Support & Resistance Levels
R: 1.3480, 1.3515
S: 1.3115, 1.3030
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