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25.10.202106:30 Forex Analysis & Reviews: Trading plan for GBP/USD on October 25, 2021

The upward movement of the GBP/USD pair is still a medium-term impulse. Last Friday, a favorable price was obtained to buy the instrument. Now, there is an 80% probability of updating the October high.

The above-mentioned facts indicate the need to hold the purchase of the instrument to the monthly extreme. When updating the high, partial fixation of purchases will be required. The rest must be converted to breakeven, in case a "false breakdown" pattern of the daily level is formed.

Exchange Rates 25.10.2021 analysis

The pair is trading within the monthly zone of the average move, so when the October high is updated, the probability of a large supply will significantly increase. To date, sales are not profitable, so it is necessary to hold purchases and concentrate on finding favorable prices to open additional long positions if one is not a buyer.

*Phân tích thị trường được đăng tải ở đây có nghĩa là để gia tăng nhận thức của bạn, nhưng không đưa ra các chỉ dẫn để thực hiện một giao dịch.

Samanta Kruder,
Analytical expert of InstaSpot
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