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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: "Triple Bottom" set up bullish correction

GBP/USD: "Triple Bottom" set up bullish correction

The price is consolidating above the uptrend. Also, we’ve got a “Triple Bottom” pattern, which has been confirmed. At the same time, the price faced a resistance at 1.3022, so bears are likely going to get a support at 1.2979 in the short term. If we have a pullback from this level, there’ll be an opportunity to see a bullish price movement towards the nearest resistance at 1.3089 – 1.3115.

GBP/USD: "Triple Bottom" set up bullish correction

There’s a “Flag” pattern, so the price is likely going to reach the 89 Moving Average during the day. Meanwhile, if we see a pullback from this line, there’ll be an open door for an achievement of the 34 Moving Average.

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