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Forex technical analysis: GBPUSD races to new session highs

Discussion in 'Technical Analysis' started by ForexLive, Apr 26, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Tests 38.2% retracement target The GBPUSD has raced higher, making new session highs and trades at the highest level since Feb 4th. The pair is also testing the next target at the 1.46339 level. This is the 38.2% retracement of the move down from the June 18, 2015 high. The high price has reached 1.4635 so far.

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