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Short-term Trading Idea FX GBP/USD – Bear Speculation: Important Events Upcoming

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 30, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Trading opportunities for currency pair: the monthly candle has closed the previous two months and will be closing down. The target is 1.4560. Due to the general strengthening of USD and according to the cycle, the pound/dollar’s fall could last until the beginning of March 2016. Since the scenario is a weekly one, it could become invalid if the weekly candle closes above 1.5340. As things are at the moment: The pound/dollar closed at 1.5030 against 1.5046. The pound strengthened to 1.5335 as

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