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Bulls need a break

07 December 2015, GBP/USD

Bulls need a break

The situation for this pair is similar to what now we observed around the euro/US dollar.

There was a surge from side of the buyers that led the pair to a sharp rise, then the upward movement stopped and the pair began to roll away.

It is clear in the near future we expect formation of the flat correction.

Then we assume that the pair will continue to develop of an upward impulse.

Vasiliy Lukin
FreshForex Analyst
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