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GBP/USD: Downside Risks Higher

Discussion in 'Technical Analysis' started by Kaitlin, Mar 24, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    'Brexit' fears continued to weigh on the British Pound, even causing it to plunge under the monthly PP yesterday. With the breach of this key support level, the GBP/USD currency pair is now poised for more weakness. The exchange rate is likely to extend its decline until the broadening falling[​IMG]

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