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Forex technical analysis: GBPUSD enters support area

Discussion in 'Technical Analysis' started by ForexLive, Aug 5, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Hard to be a hero on the dip after the report though The GBPUSD has moved sharply lower on the back of the better US employment report and has entered a key support area for the GBPUSD. I have been speaking about the area this week as a level that will be tough to crack. With yesterdays BOE stimulus and now the US employment picture the trend should be lower for this pair. The question is will the dip buying hero's enter and support the pair in this area?

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