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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: flat locked in the range of a "Wedge"

GBP/USD: flat locked in the range of a "Wedge"

The pair has been moving in a flat between the Moving Average lines. There's a possible “Wedge” pattern, so finally the market is likely going to break its lower side. Therefore, we should keep an eye on the nearest support at 1.4343 as the next bearish target. 

GBP/USD: flat locked in the range of a "Wedge"

As we can see on the one-hour chart, there’s also a “Wedge”. The group of Moving Averages are acting as a resistance, so it’s likely that the price is going to continue falling down towards the nearest trendline.

GBP
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