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Wamiq422

Good chance that the pair will break previous resistance level.

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
Wamiq422  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Beyond Technical Analysis GBPUSD gbpusdshort gbpusdlong gbpusdtrend forextrading shorttrade heavyprofit gbpusdanalysis
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trendanalysis chartpattern beyondta gbpusd gbpusdshort gbpusdlong gbpusdtrend forextrading shorttrade heavyprofit gbpusdanalysis
This is a follow-up of my last post where i explained that GBP/USD will continue it's bearish momentum.

The price is close to previous resistance level, i believe price will break through to test previous support level and make a reversal to the upside.

But there's a slight probablity that it may reverse after touching previous resistance level, in that case... open long positions and expect price to go higher than 1.3200.

Related Ideas

Wamiq422
A possible downtrend towards 1.29800 level.
Wamiq422
The pair may continue moving downwards till January 31.
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