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GBPUSD Bounced back from support | July 11, 2017



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Gbpusd has pulled back from support level at 1.2855-70 area. A strong bullish candle is forming at this moment. So there is a chance to go up again. We can buy from current bullish momentum. SL will be below 1.1250 level. TP will be 1.2950 and then 1.3020.

If this pair breaks 1.2855 support, then we can go for sell entry again. Otherwise, buy is a good choice for this pair due to current bullish pressure. Buyers are looking for more bullish up to 1.3000 resistance. So above support, we need to take buy entry.

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