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Cable Takes A Breather After Another Fall, Overall Bears Remain Intact For Now

Discussion in 'Technical Analysis' started by Kaitlin, Oct 12, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The pound was again on the roller-coaster on Tuesday on sharp bearish acceleration that dipped to 1.2087 and subsequent bounce on short squeeze that peaked slightly above 1.2300 barrier. Rising fears of strong impact on Brexit pushed the pound towards low of last Friday's flash crash, with near-term relief provided[​IMG]

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