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Weekly Technical Analysis GBP/USD Report July 19, 2017

Weekly Technical Analysis GBP/USD Report July 19, 2017


Now we expect a consolidation back around 1.2978, then a down-move with 1.283 fist stop (already hit on the 12th of July).

Weekly Trend: Overbought
1st Resistance: 1.3099
2nd Resistance: 1.3203
1st Support: 1.2978
2nd Support: 1.2830

Here special Fibo Retracement is confirming the following S/R levels against the Monthly and Weekly Trendlines obtained by connecting the relevant highs and lows back to 2001.

See Also EUR/USD & AUD/USD Weekly Technical Analysis Report 


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