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GBP/USD Finds Support At 1.46

Discussion in 'Technical Analysis' started by Kaitlin, May 31, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    As expected, the technical indicators turned out to be correct, and the Cable recovered from the weekly pivot point, even though there are massive resistances just overhead. The nearest one is the 200-day SMA at 1.4770/60, which is reinforced by the weekly R1 and May high. It is followed by[​IMG]

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