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Saturday 5 October 2013

GBPUSD Technical Analysis 10-05-2013

Hello everyone!

Here are the the gbpusd technical analysis for coming week, stay sharp and look for the sell opportunity or you can be a sell with the opening of the market.

In gbpusd chart we have,

A Bearish Crab Pattern formed in Daily chart, where the pattern end right at top we have an inverted hammer candle stick you can see in below gbpusd analysis chart. The black down side arrow is indicating the inverted hammer candle while the second black arrow is indicating about the bearish engulfing candlestick pattern. 

Price will going to test the previous resistance level which now act as a support 1.5750, and that level also will be our Take Profit level.

gbpusd chart 10/05/2013



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