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GBP/USD Dives Under 1.3250, Pair Looks South

Discussion in 'Technical Analysis' started by Kaitlin, Sep 14, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The support trendline (lower bound of the five-week channel) we expected to hold the pair failed before the Cable gained a solid foothold above 1.34 dollars, giving way for a sell-off. The immediate supports are represented by the 55-day SMA and monthly PP, but the current decline is likely to[​IMG]

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