A SHORT SETUP BASED ON TECHNICAL ANALYSIS.

GBPAUD H4

PRICE FELL AT WM4 LAST WEEK AFTER THE BOE RATE DECISION. THE PULL BACK IS CURRENTLY AT WPP RESISTANCE WHICH COINCIDES WITH MPP AND 38.2 FIB. SUPPORT IS IDENTIFIED AT WM2 WHICH COINCIDES WITH M2, WS1 WHICH COINCIDES WITH MS1, AND WM1. 38.2 FIB TARGET IS 161.8, AND WPP TARGET IS WS2.

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