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Dollar moving back higher. GBPUSD back below move midpoint

Discussion in 'Technical Analysis' started by ForexLive, Jul 14, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Better data supports the dollar The US dollar has continued the drift higher after the better initial jobs and PPI data this morning. The GBPUSD which pushed the 1.3400 extreme before the data, started to move back lower after. The pair has moved below the 50% of the move up from the pre-BOE low to the post BOE high. That level comes in at 1.3337.

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