Forex technical analysis: GBPUSD slows down

Discussion in 'Technical Analysis' started by ForexLive, Jul 8, 2016.

  1. ForexLive

    ForexLive Forum Member

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    What just happened? Let's face it...The data could be diced and sliced in many different ways today and the market had a choice on how it wanted to interpret it too. Of course the market may also be on vacation with mandates to back ups to just not get in trouble. It happens. At 287K, it had a right to send the dollar higher, but if it is going higher, it needs to get to and through targets along the way. If it cannot, we have to pay attention.

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