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GBPUSD: Support Break-off Escalate Pressure



Even if the GBPUSD moves since early March in the short descending triangle , the pair’s present downside is restricted by immediate slanting upward trend lines of 1.3075. If the quota is below 1,3070, 1 3030 and 1,3000, sellers may attract the attention of 1,2990 in advance. If at all bears manage to conquer 1.2990 rest-point, 1.2960 and 1.2900 are likely to return to the chart. Meanwhile, the break of a resistance line by the pair of 1,3115 could confirm its increase to 1,3200, then several resistors of around 1,3260-70. Over the years 1,3270, 1,3320 and 1,3380 have been the continuing advances of the quote.


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16 Apr 2019 5:18 pm Posted by admin