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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-Top" points to a correction at least

Sergey Logachev

GBP/USD: "V-Top" points to a correction at least

The downtrend line has been broken, but then a “V-Top” arrived under the nearest resistance at 1.4426. So, the price stated declining and reached a support at 1.4347. The market is likely going to falling down towards a support at 1.4343 – 1.4305. If bears be stopped here, there’ll be an opportunity to see the price on the next resistance at 1.4458.

GBP/USD: "V-Top" points to a correction at least

We’ve got a “Double Top”, which has been confirmed. The price got a support at 1.4347, but bears are likely going to achieve to the lower side of the current support area. In case of a pullback, bulls will have a chance to return to the market and deliver a new high.

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