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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" points to a possible decline

GBP/USD: "Triple Top" points to a possible decline

The price is testing the “Triangle’s” lower side. Also, we’ve got a resistance by the 55 Moving Average, so the price is likely going to continue falling down. If we see a pullback from a support at 1.3116 – 1.3015, there’ll be an opportunity to have an upward correction.

GBP/USD: "Triple Top" points to a possible decline

There’s a consolidation between the 89 Moving Average and the nearest support at 1.3063. Moreover, we’ve got a “Triple Top”, so the market is likely going to achieve the next support at 1.3071 – 1.3056 in the short term.

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