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GBPUSD could bounce from support zone towards POC

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 17, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    GBPUSD is currently around 1.4276 but I expect a bounce. Good Claimant Count Change numbers ( the first indication of the employment situation ) along with good Unemployment numbers could spike the price up towards POC 1.4385-95 (EMA89, L4, 50.0, historical breakout). There is also a bullish divergence that is aligned with good fundamental numbers. If we get a bounce towards POC, we should see now moment sellers towards 1.4350 and 1.4275 again. Only the break below 1.4250 would tank the price

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