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Technical Analysis

Big movement possible on GBPCAD

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GBPCAD has broken through a line of 1.5583 and suggests a possible movement to 1.5397 within the next 3 days. It has tested this line numerous times in the past, so one should wait for a confirmation of this breakout before taking any action. If the breakout doesn't confirm, we could see a retracement back to lines seen in the last 22 days.

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