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BEARISH GBPUSD DAILY: In shallow down channel

FX:GBPUSD   BRITISH POUND / U.S. DOLLAR
Nov 3 2015: BEARISH GBPUSD             DAILY: In shallow down channel
(Analysis Based on DAILY chart )

Observations
1. Price in a shallow short term down channel
2. If price breaks upwards, larger up channel could form
2. RSI close to 50
3. Price just below SR zone

NOTE: Wait for price action to confirm the importance of this level.

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