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Forex technical analysis: GBPUSD trades at session lows

Discussion in 'Technical Analysis' started by ForexLive, Jan 5, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    Trend line tested The GBPUSD is trading a new session lows. The move has taken the price below the low from yesterday as well at the 1.4662 level. The pair is testing a parallel trend line at the 1.4656 level. A break should solicit more selling, while holding and failing on these new lows will be a disappointment. Yesterday, the lower parallel trend line was broken but quickly failed. Today's earlier low re-established the line as support. Decision time for the GBPUSD.

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