theaveragemo

Weekly support reached, possible uptrend?

FX:GBPUSD   British Pound / U.S. Dollar
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As the GU reaches the weekly support, a possible uptrend is looming. Should the bears take control and bring the prices below the weekly support, a further downtrend is expected for the week ahead. However should the bulls take control, we should see a nice uptrend providing there is no significant negative news from the Brexit negotiations.

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