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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: bears going to break the "Flag"

GBP/USD: bears going to break the "Flag"

The price has been moving up and down in a range of the current “Flag” pattern. So, the pair is likely going to reach the main downward trend and break the last low in the short term. In the other words, the price is going to falling down until any bullish pattern arrives. If so, an upwards correction becomes possible.

GBP/USD: bears going to break the "Flag"

There’s a “Flag” and the price is consolidating above its lower side. Therefore, the market is likely going to decline towards a support at 1.2795. However, a bullish correction could start afterwards, but only if a pullback from this level happens. If it be broken, bears will be absolutely free to push the price far away from the last low.

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