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Forex technical analysis: GBPUSD is down but not racing lower

Discussion in 'Technical Analysis' started by ForexLive, Apr 20, 2016.

  1. ForexLive

    ForexLive Forum Member

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    While the EURUSD and USDJPY move, the GBPUSD waffles After a slow start to the day, the EURUSD has pushed lower and is down about 50 pips on the day. The USDJPY is up around 50 pips on the day and 100 pips from the low. Meanwhile the GBPUSD just waffles. The pair is off the low. It is off the high and down by about 24 pips, but sits near the middle of the trading range (give or take). The range for the day is 70 pips - well off the 22-day average of 135 or so. It is just not a big day for the pair.

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