GBPUSD – 14.10.2016


gbp_usd_14-10-2016

The GBP/USD pair has completed another consolidation range and right now is forming the fifth structure of the flag correctional pattern. The price may break the range downwards and reach 1.2065. After that, the instrument may start growing towards 1.2630 and then continue falling inside the downtrend to reach a new low at 1.1474.

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