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GBPUSD Market Outlook-13 May 2018

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GBPUSD Market Outlook-13 May 2018

This is the short term outlook for GBPUSD using M30 chart. As you can see from the screenshot, we have a short term bearish movment on GBPUSD last Friday. That was coincided with Bearish BAT pattern together with wedge pattern (Price Breakout Pattern Scanner). PRZ type B levels are drawn nicely from BAT pattern. Then the second type B level became critical support at the moment. On Market open, 3rd PRZ Type B and bottom of wedge pattern should be watched carefully.

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