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GBP USD Important Levels This Week
GBP USD stay in my 2nd scenario as my last forecast. Usually after a breakout from a long period of range , market would produce significant bullish momentum. Although level 1.6582 already breake , the uptrend is still intact in a triangle configuration and potential downside pullback is still suggested. And we can see pairs are fail to hold position above Fibonacci 61.8 level 1.6800 and lead us to a downside corection , and pullback beyond Fibonacci 50.0 level 1.6689 towards Fibonacci 38.2 level 1.6582 zone . As common terms in double top formation , pairs will find the below turning point first to start its rebound ... (full story)