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GBP/USD Trade idea

Tuesday, February 9, 2016 10:15 AM UTC

Major resistance -1.4450 (trend line joining 1.46680 and 1.45860)
The pair has recovered after making a low of 1. term trend is slightly bullish as long as support 1.4320 holds.
Any break below 1.4320 will drag the pair down till 1.4240 level. On the higher side break above 1.4450 confirms minor trend reversal, a jump till 1.4500/1.4570 is possible .
Overall bearish invalidation only above 1.4600.

It is good to buy above 1.4450 with SL around 1.4400 for the TP of 1.4500/1.4580

R1-1.4450

R2-1.4505

R3-1.4580

Support

S1-1.4400

S2- 1.4350

S3-1.43200

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GBP/USD Trade idea

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