Week 2 2020 - GBPUSD

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Hi traders,

First week back to the markets, we have some big fundamental news come out during the trading week. US and Iran tensions have spilled out into military aggression.

I consider the GBP to be a long only asset so with all the uncertainty a consolidation pattern has formed. Plays to the downside are limited in strength.

The stochastic indicator shows bullish and a cross above the monthly pivot(13220) will be the signal to buy.

Kind regards,
Aardall

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