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Kishore
Jan 8, 2017 7:29 PM

GBPUSD NEAR RESISTANCE ZONE!!! Long

FX:GBPUSD240
British Pound/U.S. DollarFXCM

Description

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MARKET ANALYSIS: The pair is now trading near the resistance zone, near after a retest if possible we can expect huge downfall to the next possible support level. Only if the resistance zone holds on. So lets wait and check what the market does after opening. Cheers!

Trade active

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Comment

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Near the targets almost hit! Cheers~

Trade active

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If resistance holds can expect a new lower rally to the next possible support level. Lets wait and see what the market does. Cheers!

Comment

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If resistance holds can expect a new lower rally to the next possible support level. Lets wait and see what the market does. Cheers!

Trade active

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Moving down

Trade active

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GBPUSDgbpusdshortgbpusdlonggbpusdsignalgbpusd_forecast
Comments
williamdbruce737
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Nice target hit .
Kishore
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@williamdbruce737, Yes, Thanks for the support. Cheers!
alshibly2016
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great, thank you.
Kishore
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@alshibly2016, Ur welcome, Thanks for the support buddy. Cheers!
Yuyu327
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hi, why the yellow zone is resistance zone ?
Kishore
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@Yuyu327, Previously it was support zone now market broke so support changed to resistance. Cheers!
jugin21
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HI, I did not get it how the trade become active if the price never came near resistance zone, it's just moved down right after the market opening?
Kishore
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@ukrapidexchange, Yes after the market opening the price had a gap down. That's why we posted a updated chart for trade active chart. After some time.
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