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Monday, March 21, 2016

GBP/USD daily chart review



Honestly speaking GBP USD price looks like has reached the bottom of the flat channel. Two candles in the bottom look as double bottom. I think this is a strond signal for trend reverse.




On the daily chart i can see that those two monthly candles on the monthly chart basicly are the double bottom. I recommend to wait until price will breakeven one of my mentioned breakeven points below and think twice before making any decisions.


This current situation of the GBP/USD is tricky because right now the price is between monthly support and resistance levels.

NOTE:Information provided in this article is not a signal or recommendation for any trading/investment decisions. This is only my personal opinion and point of view.


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