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Forex technical analysis: GBPUSD tests resistance area

Discussion in 'Technical Analysis' started by ForexLive, Mar 2, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Tests 6-day high extreme The GBPUSD price is up testing the high extreme that has confined the pair over the last 6 trading days. The 200 hour MA at 1.4017 and the 38.2% of the last trend move lower (from the Feb 19 high) at 1.4039 define the area.

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