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GBP/USD – Poised To Resume Major Bearish Trend?

Discussion in 'Technical Analysis' started by Kaitlin, Feb 9, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    GBP/USD began the new trading week on Monday by extending its recent retreat from last week's one-month high above 1.4600, which is also where its 50-day moving average was situated. This retreat follows a sharp rally within the past couple of weeks that represented an upside pullback within the larger[​IMG]

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