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Reversal did take place though

24 December 2015, GBP/USD

Reversal of this pair obviously took place. This is indicated by a fairly strong growth that we observed yesterday.

It is possible that the lead-in momentum up was formed and in the future we will have a long impulse growth.

In this situation, we should start opening Buy trades with a Stop Loss set at a local Low, the more the potential loss will be much less than the expected profit.

Reversal did take place though

Vasiliy Lukin
Analyst of «FreshForex» company
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