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GBP/USD About To Test Neckline

Discussion in 'Technical Analysis' started by Kaitlin, Jun 3, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The Cable took a pause from a strong two-day decline yesterday, stabilizing just above the 55-day SMA. Nevertheless, there is still some room for the sell-off to extend to the key support area at 1.4360/30, where the currency pair is in turn expected to turn around and begin to recover.[​IMG]

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