Short term weekly trade:
GBP/USD
If it breaks the support level of 1.4912, then we can see it easily trading down to 1.4770-1.4800 quickly.
Trading idea:
Short at entry 1.5030 and place a stop loss 1.5140
Downside target : 1.4830 at least., and afterwards 1.4770-1.4750
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The opinion herein is an analytical tool only and is not intended to replace individual research. The service is offered as an opinion on the current state of the market with anticipated trading signals but not recommendations. The information provided herein should not be relied on as a substitute for extensive independent research before making your trading/investment decisions. Ivan Cavric is merely providing this opinion for your general information. No representation is being made that any view or opinion will guarantee profits or not result in losses from trading. In addition any projections or views of the market provided may not prove to be accurate. The opinions are subject to change without notice. Opinions or views expressed herein are not meant to be either investment advice or a solicitation or recommendation to establish market positions. Ivan Cavric will not be responsible for any losses incurred on investments made by readers and traders as a result of any information contained in this opinion. The information contained is private and may not be distributed or shared.
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