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GBPUSD






3/24/2017 3:37:47 AM

GBPUSD - Technical Analysis: Friday, 24/03/2017 07:37 GMT



The GBPUSD pair came very close from our first waited target at 1.2536, showing some temporary decline now to test the intraday bullish trend line, as the price keeps its stability above the support ground formed above 1.2430 after breaching it previously, to keep the bullish trend expected for the coming period.

Surpassing 1.2536 will confirm extending the pair's gains to reach 1.2706 on the near term basis, while breaking 1.2430 will turn trades to the downside and test 1.2346 then 1.2261 mainly.


Target
Risk


Support
Resistance


Trend Bullish

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