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GBPUSD in Two Scenario After Breaking 1.6582
After consistently working hard for several weeks in bullish rally since February 2009 , GBPUSD finally break the last three weeks Strong Resistance 1.6582. Theres 2 scenarios that might happen : Scenario I : GBPUSD will entering it sideways range , and it should continue to rally in Trading Range between upper and medium Bollinger around level 1.6689 – 1.7162 . If Support around 1.6689 Fibonacci 50.0 hold. If the pair can hold position above 1.6800 Fibonacci 61.8 , then this bullish momentum is conformed. Scenario II : Although the nearest bias is strongly bullish , the uptrend is still intact in a triangle ... (full story)