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GBP/USD Eyes 1.4680/50

Discussion in 'Technical Analysis' started by Kaitlin, Feb 3, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    After piercing though the monthly pivot point the Cable confirmed 1.4389/80 to be the new support. Therefore, the chances are that for now the currency will keep appreciating against the Dollar. The closest significant resistance is at 1.4533 (weekly R1), but in case of a healthy recovery this is unlikely[​IMG]

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