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GBPUSD Weekly Technical Analysis 1-5 February, 2016 | January 30, 2016



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Gbpusd tried to build bullish momentum but it failed to hold this momentum. It fall rapidly at the end of the last week. So this pair is under pressure of bearish momentum.


It seems that this pair has found some support level around 1.4200 level. So above this level, we can expect some bullish momentum on this pair. Before going for bullish momentum, we can wait for bullish sign on this pair. We should wait for bullish candle on h4 time frame. Stop loss will be below the recent low level, take profit should be placed on 1.4400 level.


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