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GBP/USD: uptrend will continue to 1.4630 with break up of 1.4465

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 3, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    Main scenario: The pair is trading along an sideways trend between support 1.4345 and resistance 1.4465. The uptrend may be expected to continue in case the market rises above resistance level 14465, which will be followed by reaching resistance level 1.4535 and 1.4630. Alternative scenario: An downtrend will start as soon, as the pair drops below support level 1.4345, which will be followed by moving down to support level 1.4235.

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