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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: "Triple Top" led to decline

GBP/USD: "Triple Top" led to decline

The price has been falling down. However, bears faced a support at 1.3116, so the market is likely going to reach a resistance at 1.3226 – 1.3336. If a pullback from this area arrives afterwards, there’ll be an opportunity to see another downward movement in the direction of the next support area at 1.3015 – 1.2849.

GBP/USD: "Triple Top" led to decline

The last consolidation along the Moving Averages was finally ended by the strong bearish rally. Nevertheless, the price found a support at 1.3104, which led to the current local flat. So, the pair is likely going to get a resistance at 1.3273 – 1.3313. If we see a pullback from this area, bears will probably try to achieve a support at 1.3015 – 1.2970.

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