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GBP/USD – Bull Speculation: Expected Upward Correction

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 25, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Trading opportunities for currency pair: a candle with a small body and a long lower shade has formed. The rebound was 180 points. It’s likely that we will see an upward correction to 1.4565. Growth will cancel with a close of the weekly candle below 1.4079. Background The last ideas I made on the GBP/USD were out on 30th November and 7th December, 2015. Both of these ideas were based on a weakening of the pound. The Bank of England and the NFP wakened the buyers’ positions in November. A

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