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Forex technical analysis: GBPUSD slips back below 200 day MA at 1.4686

Discussion in 'Technical Analysis' started by ForexLive, Jun 21, 2016.

  1. ForexLive

    ForexLive Forum Member

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    As debate goes on, the GBPUSD slips lower The GBPUSD has moved to NY session lows and in the process are moving away from the 200 day MA at 1.4686. Earlier today, there was a run above the 200 day MA after waffling above and below the MA yesterday. The move above and then back below is probably not any indication of what may or may not happen. If you really think about it and given the uncertainty of the referendum, where should the price be centered? Around the 200 day MA is a logical place to be.

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