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GBP/USD: "Breakaway Gap" has been formed

Sergey Logachev

GBP/USD: "Breakaway Gap" has been formed

The price has been rising since a «V-Bottom» pattern arrived at the local low. The pair faced a resistance at 1.4458, so the market is likely going to reach a support at 1.4347. If a pullback from this level arrives, it'll be a chance for bulls to deliver a new high.

GBP/USD: "Breakaway Gap" has been formed

We've got a «Breakaway Gap», which led to form a «V-Top» pattern at the last high. The price found a resistance at 1.4458, so there's an open door for a downward correction. Therefore, we should keep an eye on a support at 1.4368. In case of a possible pullback from this level, a resistance at 1.4495 will be probably achieved soon.

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