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Petr_Suchanek
Oct 3, 2013 12:16 PM

GBPUSD immediate rise and a free fall after that 

British Pound/U.S. DollarFXCM

Description

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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Comments
pradafx
I am also heavy bullish on this pair. But the weekly charts indicating a major reversal.
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