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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 going to close yesterday's "Breakaway Gap"

GBP/USD: bulls going to close yesterday's "Breakaway Gap"

Yesterday bears delivered a new low, so we’ve got a “V-Bottom”, which set up the current upward correction. Therefore, the pair is likely going to close the previously formed “Breakaway Gap”. If so, bears will probably try to return into the market afterwards.

GBP/USD: bulls going to close yesterday's "Breakaway Gap"

We’ve got a “Double Bottom” pattern, which has been confirmed. So, the price is likely going to get a resistance somewhere between the levels 1.3445 – 1.3614. If we see a pullback from this area, a downward movement becomes possible.

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