Forex Trading Library

GBPUSD 2015-12-23

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GBP/USD

1.4851

Market maybe trying to rebound from between R1 & R2 area of 1.4844 -1.4869 area.
Market does look like it favors a downwards move as a continuation of its current trend before making a corrective move upwards based on the pattern shown in the charts above at D point potentially.

The above shown geometric pattern signals a probable downward continuation move toward its targets of 1.4805- 1.4722

  Support Resistence
Level 1 1.4805 1.4844
Level 2 1.4751 1.4869
Level 3 1.4722 1.4904
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