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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: "Double Bottom" call bulls to the market

GBP/USD: "двойное дно" вывело быков на рынок

There's a “Double Bottom”, which has been confirmed, so we’ve got an upward price movement in progress. Therefore, the market is likely going to rise further in the short term. The next bullish target is a resistance at 1.4513 – 1.4578.

GBP/USD: "двойное дно" вывело быков на рынок

The price has been rising since a “Triple Bottom” was formed at the last low. Despite of a resistance at 1.4446, the pair is likely going to reach the next resistance at 1.4529. If so, a downward correction becomes possible.

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