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GBPUSD






2/24/2015 1:28:30 AM

GBPUSD - Technical Analysis: Tuesday, 24/02/2015 06:28 GMT



The rising wedge’s support line was broken, which puts the price under the negative pressure of this pattern, and the first target is turning back to the main bearish channel.

Stochastic is negative, and we are waiting a rise at the bears’ power indicator to reinforce the expected bearish trend.


Target
Risk


Support
Resistance


Trend Bearish

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