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GBPUSD






5/18/2017 3:40:54 AM

GBPUSD - Technical Analysis: Thursday, 18/05/2017 07:40 GMT



The GBPUSD pair continues to rise to approach from the minor ascending channel's resistance, and the bullish trend still dominant on the intraday and short term trading, especially that the positive effect of the triple bottom pattern still valid until now, which its targets extend to surpass 1.3077 to reach 1.3200.

Thus, we expect witnessing more rise in the coming period conditioned by the price stability above 1.2860.


Target
Risk


Support
Resistance


Trend Bullish

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