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GBP/USD Crashes Below 1.20

Discussion in 'Technical Analysis' started by Kaitlin, Oct 7, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The GBP/USD broke support (dotted green) yesterday and surely did extend the decline towards the Fibonacci targets (see the multiple red arrows mentioned in yesterday's wave analysis). Of course, the massive drop went even further than 1.24. The news is mentioning two potential reasons: a big order was placed by[​IMG]

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