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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: "V-Top" stopped bulls for a while

GBP/USD: "V-Top" stopped bulls for a while

We’ve got a bearish “V-Top”, which has set up a local downward price movement. So, the pair is likely going to reach a support at 1.3226 – 1.3116, which is near the downtrend’s lower side. If bears stop here, there’ll be an opportunity to see a rise towards an area between the resistance area’s upper side at 1.3614 and the level at 1.3681.

GBP/USD: "V-Top" stopped bulls for a while

There’s a local flat in progress under the 34 Moving Average. Therefore, the market is likely going to get a support at 1.3273 – 1.3226 during the day. Considering a possible pullback from this area, bulls will probably try to approach the next resistance at 1.3614 – 1.3681 later on.

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