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I've been trading for 15 years, so I have a lot of things to share. I use the classic technical analysis, which is one of the most powerful tool for any trader.

GBP/USD: new local high is coming

GBP/USD: new local high is coming

We’ve got a consolidation, which is taking place between the levels 1.3277 – 1.3115. So, the market is likely going to decline towards a support on the 89 Moving Average. If bears be stopped here, then there’ll be an opportunity to see an achievement of the nearest resistance at 1.3302.

GBP/USD: new local high is coming

As we can see on the one-hour chart, there’s a flat under the local downward trend. Therefore, the pair is likely going to get a support at 1.3209 during the day. Considering a possible pullback from this level, there’s a chance to have an achievement of the next resistance at 1.3277 – 1.3302 later on.

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