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GBP/USD Continues To Edge Lower

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

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    Not much has changed during the last 24 hours, meaning that the near-term outlook for the Cable remains bearish. The pair is still expected to fall towards the 1.28 major level, where the weekly S1 coincides with the July low and the descending channel's support line. However, the exchange rate[​IMG]

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