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Forex technical analysis: GBPUSD pushes against key resistance just before retail sales

Discussion in 'Technical Analysis' started by ForexLive, Oct 14, 2015.

  1. ForexLive

    ForexLive Forum Member

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    50% retracement touched The GBPUSD is pushing right against the 50% of the move down from the September high at the 1.5382 level (the high just traded 1.5384 as I type). The high yesterday extended to 1.5387 but backed off. Risk is high into the report, but shorts seem to be feeling some pressure.

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