Petr Suchanek

GBPUSD immediate rise and a free fall after that

FX:GBPUSD   British Pound / U.S. Dollar
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GB             is now showing some kind of indecision, while consolidating at the highs after a long-term bullish trend .
An immediate rise is supposed to test the prior highs and if enough of longs are trapped above the prior highs, a nice free fall might occur as long covering process.
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I am also heavy bullish on this pair. But the weekly charts indicating a major reversal.
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