13OCT - Watch our FOMC analysis before you trade today | Daily Forex Analysis (GBPUSD, DXY)
13OCT - Watch our FOMC analysis before you trade today | Daily Forex Analysis (GBPUSD, DXY)
Currency call summary 13 10 2021:
GBPUSD is offering selling opportunities after this move takes place with the upcoming GBP GDP data is released at 14:00 GMT+8.
Entry: 1.3566
SL: 30 pips
TP: 120 pips
EURGBP is offering buying opportunities if the GBPUSD does breakdown below the 1.3584 support level.
Entry: 0.8510
SL: 15 pips
TP: 30 pips.
Notes: the EURGBP trade will require close management as the EURUSD holding around the 1.1530 support level which is a very significant zone to watch out for. And if the EURUSD does break through the EURGBP buy trade is not valid anymore.
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