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13OCT - Watch our FOMC analysis before you trade today | Daily Forex Analysis (GBPUSD, DXY)

Currency call summary 13 10 2021:

GBPUSD is offering selling opportunities after this move takes place with the upcoming GBP GDP data is released at 14:00 GMT+8.

Entry: 1.3566

SL: 30 pips

TP: 120 pips

EURGBP is offering buying opportunities if the GBPUSD does breakdown below the 1.3584 support level.

Entry: 0.8510

SL: 15 pips

TP: 30 pips.

Notes: the EURGBP trade will require close management as the EURUSD holding around the 1.1530 support level which is a very significant zone to watch out for. And if the EURUSD does break through the EURGBP buy trade is not valid anymore.