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Saturday, April 17, 2021

⚠️ GBPUSD: strategic growth targets for April 19-23.

⚠️ GBPUSD: strategic growth targets for April 19-23.


✍️ According to the current CoT reports, the outperformance of buyers is up 35% from a week ago.
The overall market volume is up 3%, which confirms the true nature of the growth during the past trading week.
The nearest medium-term resistance level is the price level of 1.3843, near which the sell orders with the total volume of $86 million are located.
The main scenario is a break and fixation above the price level of 1.3843 and the subsequent rise to the market maker's loss level (1.3893).
With the formation of the pattern to sell near the price level of 1.3893, we expect a corrective decline before the closing of the trading week with the target, 1.3843.
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