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EURUSD, GBPUSD Squeezed Between Solid S&R

Discussion in 'Technical Analysis' started by Kaitlin, Apr 26, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The GBP/USD broke above the resistance trend line (dotted red) but price still has one more long-term resistance trend line above it (brown) and a 78.6% Fibonacci level. A break below the support trend lines (greens) most likely starts a new bearish wave.[​IMG]

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