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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 delivered new low

GBP/USD: bears delivered new low

The market has plunged, which led to form a huge “Thorn” pattern. Therefore, it’s likely to see a correction towards the nearest resistance at 1.2677. However, the market is probably going to decline afterwards until any bullish pattern forms.

GBP/USD: bears delivered new low

Bears have deliver a new historical low at 1.1726, so we’ve got a “Thorn” pattern. In this case, the price is likely going to deliver an upward correction. If we see a pullback from 1.2621, there’ll be an opportunity to have another decline.

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