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GBP/USD Attempts To Return Above Key Support

Discussion in 'Technical Analysis' started by Kaitlin, Nov 23, 2015.

  1. Kaitlin

    Kaitlin Forum Member

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    Last Friday the Sterling suffered a heavier-than-anticipated loss against the US Dollar, slumping over 100 pips, therefore, erasing all weekly gains. The 23.60% Fibo managed to stop the fall and should cause a rebound; however, trade opened under the 23.60% Fibo today, diminishing the Cable's ability to appreciate. Meanwhile, the[​IMG]

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