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Forex technical analysis: GBPUSD trading at new session lows

Discussion in 'Technical Analysis' started by ForexLive, Aug 15, 2016.

  1. ForexLive

    ForexLive Forum Member

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    7 of the last 8 trading days are lower The GBPUSD is trading at new session lows despite the lower US data (Empire manufacturing). The low has extended to 1.2868 (currently back up to 1.2878). The July 11 low at 1.2849 area is the next target for the pair (see 4-hour chart above). There is a trend line that cuts across recent lows at 1.2832 currently (and moving lower). The low from July 6 comes in at 1.2791.

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