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#OPINIONLEADER# Afternoon market update summary 29 09 2021: The GBPUSD and EURGBP was in focus today with Jin during today’s currency call, with selling opportunities on the GBPUSD after it comes back to the 1.3588 resistance level entering at 1.3570 using a 30 pip stop loss and 90 pip take profit at least given the significant downside on this pair. The EURGBP is offering buying opportunities if price can come back to the 0.8588 support level entering at 0.8600 using a 30 pip stop loss and 90 pip take profit. A focus needs to be kept on the DXY as it currently trades over the 93.75 resistance level with Fed Chair Powell Speaking several times this week and an ongoing strain on equity markets driving a risk off sentiment seeing in flows for the US dollar. For tomorrow afternoon t 14:00 GMT+8 the GBP has GDP which is it misses could see some more pain for the bulls and later tomorrow the US has GDP add into this the fuel shortage in the UK leading a great deal of uncertainty leading to a recent sell off with more to come if something doesn’t change soon here. Make sure to check out Gim Hong’s Trade Idea – CADJPY (29 September 2021) using this link: https://www.youtube.com/watch?... and watch from 18.48 until 25.36 for an open position recently taken by Gim short the AUDUSD.
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