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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: consolidation going to move on

GBP/USD: consolidation going to move on

The price is consolidating. So, bears are likely going to achieve the nearest support at 1.2226 in the short term. Meanwhile, if we see a pullback from this level, there’ll be an opportunity to have an achievement of the closest resistance at 1.2476.

GBP/USD: consolidation going to move on

We’ve got a flat on the one-hour chart. Therefore, the price is likely going to get a support at 1.2349 – 1.2226 in the short term. Considering a possible pullback from these levels, bulls will probably try to deliver an upward correction afterwards.

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