GBP/USD: consolidation
How does the GBP/USD look like?
USD/MXN has reached the key area
Trade ideas
SELL 20.10; TP 20.00; SL 20.13
BUY 20.30; TP 20.50; SL 20.25
USD/MXN had a very bullish August. The pair is currently testing the resistance line connecting the highs of 2017 and 2018 at 20.12. This is, of course, a very significant obstacle. Even though the USD is currently trading above this line, only a higher daily close will confirm a breakout. As a result, the return below 20.12 will open the way for a correction towards 20.00. Bullish trades will be less risky above 20.30. The target, in this case, will lie at 20.50.
Elizabeth Belugina
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GBP/USD: consolidation
How does the GBP/USD look like?
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These days the US dollar has a lock on everyone’s attention. However, there are some interesting cross-currency movements that you can gain from.
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