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GBP/USD Forecast: bears maintain the lead

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 13, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    The GBP/USD pair trades slightly higher this Wednesday in the European morning, consolidating above the 1.4400 level, after reaching a fresh over 5 year low of 1.4351 earlier this week, on the back of poor UK data and increasing speculation over a dovish BOE for the upcoming sessions. The technical picture is still bearish, as the price is well below a bearish 20 SMA, currently around 1.4500, while the technical indicators have turned flat below their mid-lines, after recovering

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