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GBPUSD: Bullish Pin from Support level | March 4, 2017



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Gbpusd has formed bullish pin on daily chart from support zone. It tried to break down the support level but it failed. Before the end of last week, this pair has started bullish movement again. So it may carry on next week.
On h4 time frame, we can see three consecutive bullish candles from the support zone. So it can be good sign for buyers to enter long position as long as this pair stays above support level
Stop loss will be below the support level at 1.2210 and target will be 30-150 pips.

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