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How To Make Money Today: Daily Market Analysis and Forex Trading Signals 10 March 2022

To assist you to make a good day-trading selection, we’ll cover the newest forex market analysis. Make more money today with our market analysis. You must know how to trade first and have at least a simple understanding of chart patterns. Aside from that, we’ll cover some basic tips and methods that can aid anybody curious in day trading strategies. So let’s start by looking at some charts from today…

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GBP/USD

On the H4 chart price is trading in a descending channel and has recently broken the 1st resistance level of 1.31763 in line with 78.6% Fibonacci retracement. Price can potentially dip to the 1st support level of 1.28652 in line which is also the graphical overlap support. Our bearish bias is supported by the ichimoku cloud indicator as price is trading under it. 

Areas of consideration 

  • H4 1st resistance at 1.31763
  • H4 1st support at 1.28652
gbpusd forecast

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