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GBP/USD Expected To Stabilise In The Red Zone

Discussion in 'Technical Analysis' started by Kaitlin, Mar 2, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    On Tuesday they Sterling managed to put the immediate resistance, namely the weekly PP, to the test, but trade still closed nearly 60 pips away from that level. The bullish momentum might once again push the Cable towards the nearest resistance or even higher if the fundamental data provides sufficient[​IMG]

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