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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: bears going to test uptrend line

GBP/USD: bears going to test uptrend line

The price faced a resistance at 1.3056, which led to form a “Thorn” pattern. So, the market is likely going to decline towards a support by the uptrend line. If a pullback from this level happens, there’ll be an opportunity to have a bullish price movement in the direction of the nearest resistance by the 34 Moving Average.

GBP/USD: bears going to test uptrend line

We’ve got a “V-Bottom” pattern, so the price is consolidating. Therefore, bears are likely going to get a support at 1.2935 during the day. However, if we see a pullback from this level, bulls will probably try to achieve the next resistance at 1.3010.

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