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GBP/USD: "V-Top" pattern led to decline

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22-2-2018-GBP-H4 (2).png

The last "V-Top" pattern led to the current decline. However, the pair is likely going to test the 55 Moving Average. If a pullback from this line happens afterwards, there'll be a moment for another decline.

22-2-2018-GBP-H1 (2).png

There's a "V-Bottom" pattern, so the market is likely going to test the Moving Averages. Meanwhile, if we have a pullback from these lines, bears will probably try to reach the next support at 1.3835 - 1.3799.

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