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Cable Eases Below 1.2200 After Repeated Upside Rejection At 1.2270

Discussion in 'Technical Analysis' started by Kaitlin, Oct 14, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Pound eased below 1.2200 mark, reversing gains of past two days that peaked at 1.2323, with near-term studies returning back to negative mode. Overall structure remains bearish from the technical point of view, however, recent boost received from positive fundamentals, keep the pair afloat and off n/t lows.[​IMG]

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