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Forex Technical Analysis: One more time for the GBPUSD

Discussion in 'Technical Analysis' started by ForexLive, Aug 17, 2016.

  1. ForexLive

    ForexLive Forum Member

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    4th test of the 200 hour MA and 38.2% retracement The GBPUSD is testing the 200 hour MA and the 38.2% retracement for the 4th time today. Each time the price has rebounded. However, each bounce has been less with the 1st rebounding about 50 pips, the second about 37 pips and the last one only 29 pips from the low to the high.

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