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Monday, March 08, 2021

πŸ’‘ GBPUSD: approaching the hedger support area

πŸ’‘ GBPUSD: approaching the hedger support area


πŸ”₯ The main scenario for the development of events on Monday, March 8, is a rebound from a limit buyer (1.3765) and a subsequent rise to the lower boundary of the daily balance (1.3933).
🌐 In case of breakdown and consolidation above, the next target of decline is the end of the day balance zone at the price point 1.3990.
It is also worth marking the premium level of the weekly hedger support zone (1.3724) as minor support for today. The increase in positions for an increase of $ 23 million further strengthens it.
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