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GBPUSD Technical Analysis

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Daily technical analysis based trade tips and ideas for forex GBPUSD. Our report outlines clear and precise trade entry levels with profit targets and stop loss levels across a broad range of prices for the intraday. To gain an edge in the markets, successful professional traders need a daily trading plan and must be aware of important support and resistance levels. We ensure you are fully prepared to maximise profitable trading opportunities throughout each day, minimising your risk, maximising your profits and taking away the element of gambling.

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GBPUSD - spot
GBPUSD hit targets 1.2920/10 & 1.2930/35
Today's Analysis
16 May 2017 Updated at 00:00am GMT
GBPUSD holds 17 pips above minor support at 1.2860/55 on the dip yesterday. Unfortunately this pair has been trading sideways throughout May like so many other markets. A bounce re-targets 1.2930/35. If we continue higher look for 1.2965/60 & 1.2985/90 highs. Just be aware that a break higher targets 1.3020/30, 1.3055/60, perhaps as far as 1.3085/90.

Holding below 1.2900 risks a retest of minor support at 1.2860/55 but any longs need stops below 1.2840. Further losses then target a buying opportunity at 1.2785/75. Try longs with stops below 1.2740.
Technical Analysis GBPUSD