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GBP/USD Ready To Break Out

Discussion in 'Technical Analysis' started by Kaitlin, Aug 2, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    The Cable is currently trading right at the apex of the symmetrical triangle it has been forming since June 26. The pattern itself implies a bearish breakout due to a strongly negative reaction to the results of the ‘Brexit' vote. The downward bias is also reinforced by the technical indicators.[​IMG]

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