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GBP/USD: we have a bottom on 1.4070 and opportunity of uptrend to 1.4530

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 25, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    Main scenario: The pair is trading along an sideways trend between support 1.4070, that is looking like a bottom of that downtrend, and resistance 1.4325. An uptrend will start as soon, as the pair rises above resistance level 1.4325, which will be followed by moving up to resistance level 1.4530 and then to 1.4815. Alternative scenario: An downtrend will start as soon, as the pair drops below support level 1.4070, which will be followed by moving down to support level 1.3700.

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