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Forex technical analysis: GBPUSD tests 100 hour MA

Discussion in 'Technical Analysis' started by ForexLive, Oct 1, 2015.

  1. ForexLive

    ForexLive Forum Member

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    New lows (barely) failed to impress. Buyers take the price off the lows The GBPUSD took out the lows from yesterday - by a fraction of a pip. The low yesterday was 1.51068. Today's low is 1.51065. That doesn't impress me much, and it did not impress the market either. The price has been ratcheting higher since then and currently trades at the highs for the day.

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