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Daily Forex Technical Analysis

GBP/USD going to have a bear party, October 12


GBP/USD going to have a bear party. This pair has slowly been making its way back up to the Fib zone after bottoming out around 1.6000. That being said, it's a prime candidate for a potential turning point. But if you're not quite ready to join the bears, you can also opt to wait until price rises a bit higher and tests the falling trend line on the 4-hour chart.












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