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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 broke the "Triangle"

GBP/USD: bulls broke the "Triangle"

The last consolidation under the trend line was finally ended by a downward movement. Also, we’ve got a local bearish “V-Top” pattern. Therefore, the market is likely going to decline towards a support at 1.4657. If a pullback from this level arrives, an upward movement becomes possible.

GBP/USD: bulls broke the "Triangle"

We’ve got a “Triangle”, which was broken yesterday, so there’s a new “Triple Top” pattern. So, bears are likely going to catch a support somewhere between the levels 1.4738 – 1.4657 during the day. In case of a pullback from here, we should keep an eye on the nearest resistance at 1.4886.

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