GBP/USD: 'Harami' led to decline

GBP/USD: 'Harami' led to decline

The pair has been declining since the last 'Harami' formed at the local high. Also, there's a bearish 'Three Methods' pattern, which has been confirmed by the price fixating below the 'Window' and Moving Averages. Thus, it's likely that the pair is going to continue declining towards the next support at 1.2658 in the coming days. The subsequent pullback from this level could lead to an upward correction in the direction of the previously tested 'Window' (1.2954).

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GBP/USD: levels to trade

GBP/USD has been consolidating between 1.30 and 1.2770 for the past month. The pair met resistance at the resistance line connecting October and November highs.

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