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GBPUSD






5/22/2017 3:04:31 AM

GBPUSD - Technical Analysis: Monday, 22/05/2017 07:04 GMT



The GBPUSD pair returns to touch the minor channel's resistance, and it attempts to surpass this resistance to confirm the continuation of the bullish trend on the short term basis, waiting to resume the bullish trend affected by the previously completed triple bottom pattern.

The first expected target is located at 1.3077, and surpassing it will push the price to 1.3200, while settling above 1.2860 still important condition to continue the expected bullish trend.


Target
Risk


Support
Resistance


Trend Bullish

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