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GBP/USD, Weekly forecast: huge sideways trend between 1.4070 and 1.4410

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 31, 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 1.4410. An uptrend will start as soon, as the pair rises above resistance level 1.4410, which will be followed by moving up to resistance level 1.4630 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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