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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: unstoppable bulls are going to break the last high

GBP/USD: unstoppable bulls are going to break the last high

Bulls got a resistance at 1.4723, but the price is likely going to test the trend line during the day. If we see a pullback from here, it’ll be an opportunity to see a downward correction. Therefore, the next local bearish target is a support at 1.4601 – 1.4579.

GBP/USD: unstoppable bulls are going to break the last high

The price has been rising dramatically fast since a “V-Bottom” arrived at the last low. Considering a local “Thorn” pattern, the market is likely going to reach the nearest resistance, which is strengthened by the down-trend line. Subsequently, if a pullback from the line happens, bears will probably try to set up a downward correction. 

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