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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: "V-Botton" has arrived

Sergey Logachev

GBP/USD: "V-Botton" has arrived

The price faced a support at 1.3995, which led to form a “V-Bottom” pattern. Therefore, the market is likely going to get a support at 1.4117 in the short term. If so, a rise towards a resistance at 1.4170 – 1.4194 becomes possible.

GBP/USD: "V-Botton" has arrived

We’ve got a “V-Bottom” pattern at the last low and an upward movement afterwards. The pair got a resistance at 1.4170, so there's the local downwards correction is in progress. If the price finds a support at 1.4056, then bulls will have an opportunity to reach a resistance at 1.4190.

GBP
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