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theforexarmy

GBPUSD profit target reached once again, remain bullish

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Libra Esterlina/Dólar Americano (FX:GBPUSD)  
theforexarmy  
FX:GBPUSD   Libra Esterlina/Dólar Americano
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gbpusdfib gbpusdwavecount gbpusdforecast gbpusdprediction gbpusdoutlook gbpusdsignal gbpusdtrade gbpusdweekly gbpusd gbpusdshort gbpusdidea gbpusddaily gbpusdnews gbpusdlong
Buy above 1.2510. Stop loss at 1.2421. Take profit at 1.2651.
Reason for the trading strategy (technically):
Price has shot up and reached our profit target perfectly as expected. We now remain bullish above 1.2510 support (Fibonacci retracement, horizontal pullback support) for a further push up to 1.2651 resistance (major Fibonacci extension).
RSI (34) has made a nice bullish exit signalling that a further rise in price is expected.
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