GBPUSD came to a very strong resistance level

  • May 21 2021
  • by
  • Analyst AZA
GBPUSD came to a very strong resistance level

GBPUSD came to a very strong resistance level

The price of the GBPUSD currency pair has approached a very strong resistance level, which serves as the last serious obstacle before the historical maximum. A break of this level will mean that the British pound is strong enough to join the bulls, at least to the level of the all-time high. Perhaps the price will come up for the test a few more times and bounce down, so you need to be patient and wait for the right moment to enter the market only after the level breaks out.

Symbol: GBPUSD
Order Type: Pending Order - Buy Stop
Entry Price: 1.4240
Take Profit: 1.4300
Pips Earning: 60

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The profit can be $600.00 if the trading volume of 100000 GBP (1 Lot).

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