GBP/USD Attempts To Return To 1.53

Discussion in 'Technical Analysis' started by Kaitlin, Oct 14, 2015.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    A correction occurred yesterday due to deflation in the UK, taking the Cable's exchange rate significantly lower. The pair dropped as low as the 1.52 major level, but some of those losses were eventually recovered. The Sterling should rebound today, although that might not be the case, as a significant[​IMG]

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