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  1. GBPUSD Price Action Analysis - 23.6% Fibo resistance level crossing for the daily rally to be started within the bearish condition

    by , 01-27-2016 at 03:27 PM
    Daily price is located below 200 period SMA and 100 period SMA for the primary bearish market condition: the price is ranging within Fibo support level at 1.4079 and 50.0% Fibo resistance level at 1.4659. Daily price is breaking 23.6% Fibo resistance at 1.4349 from below to above, and RSI indicator is estimating the ranging bearish condition in the near future.

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    If the price will break Fibo support level at 1.4079 so the bearish trend will ...