#GBPUSD - 19 Jan

72
GBPUSD is much stronger than EURUSD and yesterday I gave a long from 1.2657 and we had a 50 pips rally. If you are not in the trade, then IMO 1.2678 is the level to watch for a possible pullback to go long from. I am not providing any shorts for GBPUSD; EURUSD is weaker thus a better candidate for shorts. But if 1.2678 fails, could see a move down to 1.2666 and even further down to 1.2629.

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