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EU Referendum Watch: GBP/USD shows signs of life amidst uncertainty

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 12, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The heavily-shorted pound has come back to life in the past three trading days. It has been lent buoyancy first and foremost by profit-taking from those who had sold the currency at much higher levels when the risks associated with the possibility of Britain leaving the EU were still under-priced. While the so-called “Brexit” risks haven’t exactly diminished as the polls are still very tight, it is possible that this potential scenario may be mostly priced in. In addition, today’s stronger UK

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