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Author Archives: GBP Editor

Daily Forex Update: GBP/USD

GBP/USD continues to rise inside the 4-hour Down Channel chart pattern which was previously identified by Autochartist. Autochartist rates the quality of this Down Channel at the 5-bar level – which is the result of the slow Initial Trend (2 ...

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Near-term Setups in AUD/USD, NZD/USD and GBP/USD

I highlighted this setup in this week’s AUD/USD Technical Outlook as price was probing fresh yearly lows. Out ‘bottom line’ noted that, “The downside is getting risky here near-term with upcoming support targets likely to offer some back-and-fill.

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GBP/USD moves off highs as USD recovers ground

Cable trimmed gains during US session and spiked lower after Trump’s comments. US President warned about imposing tariffs on European cars. The GBP/USD pair peaked earlier today at 1.3314, the highest level since June 14. Then it lost strength and ...

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