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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: bearish "flag"

Sergey Logachev

GBP/USD: bearish "flag"

There’s a confirmed “Double Top” pattern, which led to the current downward movement. It’s likely to see the market lower. If a pullback from the level 1.4117 appears, then bulls will probably take a revenge and try to reach a resistance area 1.4305 – 1.4343.

GBP/USD: bearish "flag"

The price has been declining since a pullback from the support level 1.4196 arrived. There’s a possible “Flag” pattern, so bears are likely going to break its lower side. The main support line is 1.4117, so if sellers be stopped here, then buyers will have a chance to acheve a resistance at 1.4247 – 1.4286.

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