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GBP/USD Drops To Key Support Before Bounce

Discussion in 'Technical Analysis' started by Kaitlin, Feb 18, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    GBP/USD continued its fall early on Wednesday to hit a major support area around the 1.4250 level, before bouncing. This drop modestly extended the currency pair's substantial retreat this week from its 50-day moving average and the 1.4500 level.[​IMG]

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