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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: new high is coming because of the "Thorn"

GBP/USD: new high is coming because of the "Thorn"

The pair found a resistance on the trend line, so the price got a support at 1.4601 afterwards. Also, there’s a bullish “Thorn” pattern, which points to a possible rise towards the main down-trend line. If we see a pullback from here, there’ll be an opportunity to have a decline in the direction of a support at 1.4579.

GBP/USD: new high is coming because of the "Thorn"

We’ve got a local flat in progress. It’s likely that the price is going to test a resistance at 1.4782 once again. If bulls be stopped here, a downward movement becomes possible.

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