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GBP/USD: in downtrend with target on 1.4070

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 20, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    Main scenario: The pair is trading along an downtrend with target on 1.4070, that may be expected to continue, while pair is trading below resistance level 1.4270. Alternative scenario: An uptrend will start as soon, as the pair rises above resistance level 1.4270, which will be followed by moving up to resistance level 1.4470.

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