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GBP/USD Analysis - Unlocking Profitable Opportunities

Long
FX:GBPUSD   British Pound / U.S. Dollar
The inverse head and shoulders pattern is a commonly used technical analysis tool in the forex market. It is a bullish reversal pattern that consists of three troughs, with the middle trough (the head) being lower than the other two (the shoulders). The pattern is completed when the price breaks above the neckline, which is a resistance level that connects the two high points of the shoulders.
Trade closed: target reached

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