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GBP/USD: Trading Plan for the U.S. Session on December 18th (Review of Morning Trades). Pound Rises After Inflation Growth
In my morning forecast, I highlighted
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In my morning forecast, I highlighted 1.2695 as a key level for market entry decisions. Let's analyze the 5-minute chart to understand the outcome. While a decline occurred, high volatility prevented the formation of a false breakout, leaving me without trades. The technical picture has been revised for the second half of the day.Long Position Requirements for GBP/USD:News of rising core inflation in the UK led to a sharp rally in the British pound. This is precisely what the Bank
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Miroslaw Bawulski,
Analytical expert of InstaForex
© 2007-2024
GBPUSD
Great Britain Pound vs US Dollar
Summary
Buy
Urgency
1 day
Analytic
Maxim Magdalinin
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