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GBP/USD - Targeting Support At 1.2083
• GBP/USD has reversed after false break out of recent bearish channel. Hourly support lies at 1.2083 (25/10/2016 low) while hourly resistance lies at 1.2268 (intraday high). The technical structure suggests further downside. • The long-term technical pattern is even more negative since the Brexit vote has paved the way for further decline. Long-term support given at 1.0520 (01/03/85) represents a decent target. Long-term resistance is given at 1.5018 (24/06/2015) and would indicate a long-term reversal in the negative trend. Yet, it is very unlikely at the moment. • EUR/USD failure to test 1.0653 resistance ... (full story)
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- Jan 10, 2017 7:28am Jan 10, 2017 7:28am
- Ghassforex
- | Joined Sep 2016 | Status: Member | 1119 Comments
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- Edited 8:11am Jan 10, 2017 7:54am | Edited 8:11am
- Abouelzelouf
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- Jan 10, 2017 8:00am Jan 10, 2017 8:00am
- Ghassforex
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- Jan 10, 2017 8:10am Jan 10, 2017 8:10am
- Abouelzelouf
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- Jan 10, 2017 11:44am Jan 10, 2017 11:44am
- Pleiadian
- | Joined Oct 2009 | Status: Member | 595 Comments
Don't wait for the wind, take to the oars.