Bullish Breakout In GBP/USD – Quick Update on Trading Signal
Arslan Butt•Tuesday, September 11, 2018•1 min read
What’s up, traders.
It’s been a good start of the day with two consecutive winnings in EUR/USD. In this update, we are gonna speak about our GBP/USD treading signal.
The Sterling is heavily dependent on UK’s labor market report which is due in an hour or so. You can follow FX Leaders economic calendar for live coverage of this event.
Anyway, the GBP/USD has violated the double top pattern on the 4 hourly charts, which is extending it a solid hurdle near $1.3030. Above this, the pair is likely to extend a bullish rally until $1.3090 and that’s we are looking to target today.
Fellas, we may close the trade manually ahead of the news release to avoid reversals. So, stay tuned to FX Leaders Signals Pages for more updates!
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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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