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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 faced the "Thorn"

GBP/USD: bulls faced the "Thorn"

The pair was rising dramatically fast until bulls faced a resistance at 1.4658. Previously, a “Triple Bottom” was formed, which has been confirmed. However, the price is likely going to get a support at 1.4441. If so, an upward movement becomes possible.

GBP/USD: bulls faced the "Thorn"

As we can see on the one-hour chart, the last flat was finally ended by the extremely fast bullish movement. Then a “Thorn” arrived, so the price reached a support at 1.4513. Therefore, the market is likely going to achieve the next support at 1.4441 in the short term. 

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