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mrTylerDurden
Dec 3, 2014 3:19 PM

Launching long positions this week again? Long

British Pound/U.S. DollarFXCM

Description

The story for the GBP/USD pair is nearly quite opposite to that of the EUR/USD pair. Here we see a powerful bullish trend aimed at breaching the upper bound of the 4-hour band, with SMAs pointing upward, so, if the quick SMA crosses any time the slow SMA, we’ll be looking for a moment to buy into.
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