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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: the best bears

GBP/USD: the best bears

The last reversal “Double Top” set up one of the most powerful bearish movement. However, we’ve got a “Thorn” here, so the market is likely going to rise towards a resistance at 1.4089 – 1.4011. If we see a pullback from these levels, the pair will probably try to reach a support at 1.3681 – 1.3503. 

GBP/USD: the best bears

Sellers reached a support at 1.3226, so we’ve got a “V-Bottom” pattern. Therefore, the pair is likely going to achieve a resistance at 1.4011. In case of a possible pullback from this level, we should keep an eye on a support at 1.3681 – 1.3503.

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