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GBP/USD: break up of 1.4245 will start uptrend to 1.4355

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 1, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    Main scenario: The pair is trading along an sideways trend. An uptrend will start as soon, as the pair rises above resistance level 1.4245, which will be followed by moving up to resistance level 1.4355. Alternative scenario: The downtrend may be expected to continue, while pair is trading below resistance level 1.4245, which will be followed by reaching support level 1.4150 - 1.4070.

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