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GBPUSD






8/4/2017 12:07:15 AM

GBPUSD - Technical Analysis: Friday, 04/08/2017 04:07 GMT



The GBPUSD pair declined strongly yesterday to stop at the important support 1.3125, as the price keeps its stability above this level, which keeps the bullish trend valid until now, supported by RSI head towards the oversold areas.

Thus, we are waiting for positive trades in the coming period, and the next main target is located at 1.3350, noting that breaking 1.3125 then 1.3060 will push the price to turn its intraday and short term trend to the downside.


Target
Risk


Support
Resistance


Trend Bullish

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