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GBP/USD: Descending Channel

GBP/USD, 4 hours    LONG Aug 9
There is a descending channel noticed and the price expects a more steady bullish move as a clue of a breakout. A descending channel is considered to be a specific formation that is angled down that can be used to signal a trend change to the upside when price breaks out. There is a probability of a bullish run towards 1.28.
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