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GBP/USD to turn bearish

Gbp/Usd upward move should now be finally over after hitting target of 1.7
and a shift to bearish sentiment would seem imminent
I believe that the Gbp/Usd is too high at the moment
but has continued to stay so until 1.7 target was broken
I think we will see a quick decline in the pair in a short while now
To show you how I estimate the first target we first turn to the weekly chart:
here we see that weekly Fibonacci Pivot Point lies around 1.677, an area that would be a natural first pullback an…
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AdamFx42 avatar
AdamFx42 10 July

Need 1.7170 to be top for any chance of a swift move to the downside now

AdamFx42 avatar
AdamFx42 25 July

1.704 now resistance - a strong move down next week may end up close to my target area

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AdamFx42 2 Aug.

I should have said 1.68  :-)

AdamFx42 avatar
AdamFx42 2 Aug.

I am happy with this analysis though - this was a grand effort on my part,and it shows me that I have technical insightI mean - who else would have predicted this price of 1.68 + while Gbp/Usd was at 1.70+I saw this coming and I am sure it will help me in my future endeours Thanks for the likes and support

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