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GBPUSD : Lower Levels Could Be Seen

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Dec 16, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    GBPUSD has recovered only with three waves from 1.4893 and back to 1.5240 which is a structure of a corrective price action. As such, pound remains in bearish mode, meaning that decline can continue through 1.4893 in the next few sessions especially as current channel line can be taken out. That said, be aware of stronger USD going forward, while 1.5182 holds as a resistance. GBPUSD, 4H

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