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Forex technical analysis: GBPUSD holds against resistance

Discussion in 'Technical Analysis' started by ForexLive, Apr 4, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    A cluster of resistance keeps a lid on the pair The GBPUSD surged higher in the London morning session. Looking at the hourly chart below, the pair broke above the 200 hour MA (it was a ceiling for the Asian Pacific session) and that opened the upside for further gains.

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