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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: bears escaped from the "Triangle"

GBP/USD: bears escaped from the "Triangle"

The last flat along the Moving Averages was finally ended up. The price got a support at 1.4343 afterwards, so there's time for a local correction. If the pair faces a resistance at 1.4425, bears are likely going to taste a support at 1.4298 – 1.4227.

GBP/USD: bears escaped from the "Triangle"

The previously formed “Triangle” was finally broken, which brought bears into the market. There’s an opportunity to see a local correction because of a pullback from the nearest support. Nevertheless, the price is likely going to decline afterwards, so we should keep an eye on the next support at 1.4298 as a possible sellers goal.

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