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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: bulls has stopped by the "Double Top"

Sergey Logachev

GBP/USD: bulls has stopped by the "Double Top"

The market has been moving in a range of a flat since the downtrend line was broken. It's likely to see a local correction during the day. If the price gets a support at 1.4576 – 1.4513, there'll be a chance for bulls to resume their rally.

GBP/USD: bulls has stopped by the "Double Top"

We’ve got a flat in progress, so the price is likely going to reach a support between the 55 Moving Average and the level at 1.4538 If we see a pullback from this area, buyers will probably feel free to start a new stage of the current upward trend.

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