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Descending Triangle on GBPUSD

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FX:GBPUSD   英镑/美元
A descending triangle is a bearish chart pattern.

For the short term, we can still take advantage of buying with a target price of 1.37600 - 1.38000.
The price will reach this target within 1-2 weeks.

If the price has touched the area of 1.37600 - 1.38000 then sell with the target price of 1.35800 - 1.34800.

This is also confirmed by:
1. The dollar index is likely to fall to 92,300 in the near future. (1 to 2 weeks).
2. The tapering signal is said to be starting as soon as possible, and the next FOMC Statement is scheduled for November 4th.
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