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Long

GBP/USD Daily Outlook

FX:GBPUSD   British Pound/U.S. Dollar
412 3 3
GBP/USD             has formed Bullish divergence in daily chart and this confirms short term bounce back till 1.5100 cannot be ruled out.

GBP/USD             has broken major support 1.4950 (Jan 23rd 2015 low) and declined till 1.4891. Any break below 1.4890 will drag the pair further down till 1.48124 ( 2013             low).

On the upside pair’s minor resistance is around 1.4985 and nay break above will target 1.5045/1.5100.

Short term bullishness only above 1.5150 level.

Recommendation: Buy GBP/USD             around 1.4950, SL 1.4880, Target 1.5045/1.5095.
Will watch for 15 min setups now....we are short Dollar Yen.......but looking to get long PD Dolla....goodluck!
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Agreed also off a nice harmonic Pattern
GBPUSD- Shark Pattern
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FxWirePro PRO imarketslive
Thank you
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