After a long period of consolidation, which has taken the last two weeks with this pair moving in a 100 pip range, the pair is ready to make the next move and following the previous trend before this consolidation, the odds favor the upside.
GBPUSD is weak, since recent data didn’t support the currency GBP. This cross or forex pair is expected to continue down. BEARISH. Our short trade for GBPUSD hit the target 1.3150 giving a profit of +30 pips. GBPUSD is weak and is expected to continue down after breaking an important support.
NZDUSD is breaking a key support that has been holding this pair from a continuation lower for the first days of the week and part of last week. After braking this important support level, sellers will jump in any move up to sell this forex pair.
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