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Tradingwithtamil
Aug 29, 2018 10:48 AM

GBPUSD: MARKING IT'S POTENTIAL RUN FOR AN UPTREND. 

British Pound/U.S. DollarFXCM

Description

Hi traders,

The pair GBPUSD has its full potential towards the uptrend. The price range yet to break out the important resistance, in the 4hr time frame, after the breakout, the price range could fetch the mark 1.29400 that would be the possible next stop. Once the ascending trend broke out, the price could easily surpass the zones like 1.29700, 1.30000 and the 1.30450.

On the other hand, an ascending pattern may emit a pullback setup and reverse the trend this crucial pullback could fetch the mark 1.28400,1.27900 and the 1.27300 are the important zones for sellers.

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