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GBP/USD Attempts To Climb Over 1.43

Discussion in 'Technical Analysis' started by Kaitlin, Apr 19, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    The Sterling surprisingly recovered on Monday, due to the European stock market rebound triggering demand for riskier assets. As a result, the Cable completely erased last week's gains, also breaking out of the falling wedge pattern earlier than anticipated. The bullish momentum is now likely to prevail, leading the exchange[​IMG]

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