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GBP/USD Attempts To Regain The Bullish Momentum

Discussion in 'Technical Analysis' started by Kaitlin, May 24, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The Cable was rather volatile on Monday, but ended the day in the red zone with a 21-pip loss. The weekly PP and the 20-day SMA are now providing immediate resistance for the GBP/USD currency pair, located on top of the 1.45 psychological level. However, according to technical indicators the[​IMG]

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