GBP/USD Attempts To Maintain Trade Above 1.46

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

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    The British Pound traded in a rather tight range between the 1.45 and the 1.46 major levels on Wednesday, but with the bearish bias prevailing. The closest resistance area is represented by the 20-day SMA, the weekly and the monthly PPs, however, is unlikely to limit the Cable's movements, as[​IMG]

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