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GBP/USD, Weekly forecast: sideways trading between 1.4400 and 1.4630

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 7, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    Main scenario: The pair is trading along an sideways trend between support 1.4400 and resistance 1.4630. An uptrend will start as soon, as the pair rises above resistance level 1.4630, which will be followed by moving up to resistance level 1.4815. Alternative scenario: An downtrend will start as soon, as the pair drops below support level 1.4400, which will be followed by moving down to support level 1.4240.

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