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GBP/USD Attempts To Begin Recovery

Discussion in 'Technical Analysis' started by Kaitlin, Oct 12, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Another hard sell-off of more than 200 pips occurred yesterday, causing the Cable to fall towards the 1.21 major level. The Pound appears to have regained the bullish momentum on the news of a much softer ‘Brexit' scenario. However, the Sterling faces a rather strong resistance on its path around[​IMG]

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