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GBP/USD: local 'V-Bottom'

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We've got a local 'V-Bottom', so the pair is likely going to test the 34 Moving Average in the short term. If a pullback from this line arrives little later on, bears will probably try to deliver a new local low.

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The pair is rising because of the last 'V-Bottom' pattern. The main intraday target is the nearest resistance at 1.3363 - 1.3377. So, if we have a pullback from these levels, there'll be time for another bearish rally.

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