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Elemont
Dec 18, 2016 7:37 AM
GBPUSD FORECAST
Short
FX:GBPUSD
240
British Pound/U.S. Dollar
FXCM
Description
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Dec 18, 2016 7:37 AM
GBPUSD has broken below a major flag pattern which puts an extremely bearish bias on it. Unless price can move back into the range (meaning it was a fakeout), we should see price head lower to retest the bottoms.
GBP
USD
GBPUSD
Comments
UnknownUnicorn261897
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Dec 18, 2016 2:09 PM
I Agree with this analysis. I am watching the 1.2568 level myself:
Elemont
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Dec 18, 2016 2:26 PM
@Unique4xPro, would be a 'last kiss' bearish breakout confirmation if it bounces back down from there, provided it doesn't just straight up fall
UnknownUnicorn261897
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Dec 18, 2016 3:09 PM
@ElemontFX, I agree
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