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GBP/USD Forecast: correcting lower towards 1.5100

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Dec 14, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    The British Pound has lost its shine and falls strongly, with the GBP/USD pair down to 1.5143 at the beginning of the European session. The pair has advanced strongly last Friday, ignoring the slump in oil prices, and extending up to 1.5239, with no clear catalyst behind the move. Anyway, the current retracement seems more related to some profit taking ahead of the US Federal Reserve meeting, than an actual reversal in the dominant bullish trend. Technically, the 4 hours chart shows that

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