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GBPUSD Rejection from 100 EMA on H4 | June 1, 2017



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Gbpusd has got resistance on 100 Exponential Moving Average recently after some volatile bullish movement. In London session, this pair fell at support level at 1.2770 level. Then it gained a massive bullish momentum with around 150 pips within few hours. At last, this bullish momentum has found little resistance on 1.2920 level by 100 EMA. Still, there is a chance to get bullish momentum again. If any bullish candle formed on h1 or H4, then we can look for buy with targeting 1.3000 level. 

Below 1.2920 level, this pair should stay in sell mode. So we can find sell entry for a short time. But if you think about long term, then I will recommend you to look for buy. This pair should flight more towards the upside. 



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