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GBPUSD Forms Strong Bearish candle | July 10, 2017



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Gbpusd is facing bearish pressure from resistance zone. We can see a big bearish candle on the h4 chart. This can be a good indication for sell on this pair. We should stay in sell mode below resistance 1.2900. SL will be above 1.2915, TP will be 1.2830. 

If this pair stays above 1.2900 zone, then we can go for buy with 40 pips SL and 70 pips TP.

This pair is following the downward channel. So for short time, we should stay in sell mode. We will prefer to look for sell on this pair. 

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