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Old 09-12-2020, 21:27
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KostiaFM KostiaFM is offline
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Default Re: Daily Market Analysis by ForexMart

GBP / USD. December 09, 2020 - Pin bar "from the level of 1.3300

The GBP / USD currency pair formed a pin bar reversal pattern on the daily chart, rebounding from the 1.3300 resistance level.

The price of the GBP / USD trading instrument corrected to the line of the 21-day exponential moving average - EMA 21, after which it turned around, giving a buy signal. The pound sterling rose in price amid news of the success of the Brexit negotiations.

Most likely, the correction is over and the pair is ready to continue growing. The immediate upside target is 1.3500, which is in the area of ​​highs since May 2018.
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