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TahirKhan
Apr 8, 2016 7:25 AM

GBPUSD .. Long

British Pound/Japanese YenFXCM

Description

GBPUSD...

Overall the pair can use a dip down to 394X and a bounce off there could make its way to testing 425X or so. As of now there are chances of a drop to post double bottom formation to 399X low and a bounce or drop fuller as per 8 hr to do 394X and then a lift off.

The pair has taken more of a back seat and looking up on chart does give an impression this has more erratic swings on it then a st line most would prefer.

i.imgur.com/hKf0HaC.png
GBPUSD 2 hr - Incase double bottoms

i.imgur.com/s1ARsQN.png
GBPUSD 8 hr - Preferred playout - down to 394X and then a bounce for having a temp low then to be in
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