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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: consolidation going to be continued

GBP/USD: consolidation going to be continued

The price is moving up and down along a resistance at 1.3339. So, the pair is likely going to achieve a support near the 55 Moving Average. If bears be stopped here, then an upward movement becomes possible, so we should keep an eye on the closest resistance at 1.3400 – 1.3471.

GBP/USD: consolidation going to be continued

We’ve got a consolidation, but also there’s a local “Double Top”. In this case, bears are likely going to reach a support at 1.3247. At the same time, if we see a pullback from this level, there’ll be a chance to have an upward movement in the direction of the nearest resistance at 1.3370 – 1.3400.

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