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GBP/USD: trading sideways between 1.4360 and 1.4535

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 11, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    Main scenario: The pair is trading along an sideways trend between support 1.4360 and resistance 1.4535. An downtrend will start as soon, as the pair drops below support level 1.4360, which will be followed by moving down to support level 1.4240. Alternative scenario: An uptrend will start as soon, as the pair rises above resistance level 1.4535, which will be followed by moving up to resistance level 1.4630.

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