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GBP/USD Continues To Fall After Brexit

Discussion in 'Technical Analysis' started by Kaitlin, Jun 27, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The result of EU referendum polls caused the Sterling to plunge dramatically on Friday, reaching a 30-year low. However, as was expected, the Cable managed to stabilise above the 1.36 major level, but downward pressure remains. Moreover, the pair opened with a bearish gap today, and is likely to continue[​IMG]

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