GBPUSD strikes towards low from final week and 100 day MA/61.eight% retracement
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The GBPUSD is buying and selling close to its lows for the day and appears to check:
- Low from final week at 1.29729
- 100-day MA at 1.2960
- 61.eight% retracement at 1.2958
Because the day involves an in depth, these ranges might be key targets within the new buying and selling day. If damaged – and stays damaged – it opens the door for extra draw back probing with the subsequent goal at 1.2938, adopted by a swing space between 1.2845 and 1.2867.
This text was written by Emma Wang at www.ubaidahsan.com.
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