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  • Tuesday 11 May 2021

    GbpUsd Selling Potential at Trend Resistance

    With the dollar index at the a bullish swing we are expecting to see selling pressure mounting on it rivals, last Friday we saw GbpUsd pushing up aggressively after the the Non-Farm payrolls came out negative for the dollar pushing the dollar index down towards its support levels.

    Technical Setup
    The Pound has pushed up aggressively last week Friday and has currently respected the resistance of the trendline which will create more selling opportunities for the GbpUsd currency pair.

    We believe that this trade setup will assist you trade profitably. for questions on this analysis please let us know in the comment box below. wish you the best trading this week

    Sifiso Nkwanyana

    Author & Editor

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