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Forex technical analysis: GBPUSD looking to keep the momentum going

Discussion in 'Technical Analysis' started by ForexLive, May 18, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Above prior resistance The GBPUSD has gotten a boost on the expectations that the tide is turning in the favor of a No for BREXIT. The pair shot up from a low around the 1.4400 level and in the process, has been able to extend above what has been a series of swing highs in between the 1.4529 and 1.4542 area (see numbered circles in chart below). This is now support that needs to hold.

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