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GBPUSD Forms Bearish Double Top; Confirmation Required

GBPUSD raised questions over its four-month-old positive trend after failing to print a new higher high above December’s peak of 1.2445, subsequently crashing below two support trendlines. Despite the latest rapid downfall, the bullish pattern remains intact as the bears have not charted a new lower low below January’s trough of 1.1840. The flattening 200-day simple moving […] The post GBPUSD Forms Bearish Double Top; Confirmation Required appeared first on Action Forex... Read More

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Gbpusd

Forms

Bearish

Double

Top

Confirmation

Required

Forex

Posted: Feb 7 2023, 09:45

Author Name: actionforex

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