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30.07.202109:17 Forex Analysis & Reviews: Daily Video Analysis: GBPUSD testing key resistance! Short term drop incoming!

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GBPUSD has been on an uptrend and has reached a key graphical swing high and 100% Fibonacci extension level at our 1st resistance at 1.39821. A short term drop towards ascending trendline support and 1st support at 1.39018 could be possible. Stochastic is also testing resistance where price dropped in the past.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Dean Leo,
Analytical expert of InstaForex
© 2007-2021
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