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vlad.adrian
Oct 7, 2014 9:09 AM

GBPUSD - Bullish divergence Long

British Pound/U.S. DollarFXCM

Description

The weekly chart shows how important the resistance at 1.63 is for the pound tradingview.com/x/MngrbZF4/.
I expect this area to be tested. If the USD is going to be weak, maybe we will get a full on rally to 1.67.
The MACD lines and histogram both show class A bullish divergences, with immediate recovery after the breakout occured on Friday. This chart looks very bullish for the coming days, and why not, couple of weeks.
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