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GBP/USD Forecast: Eyeing trend line support ahead of US retail sales report

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 15, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Sterling looked to re-enter the falling channel seen on the daily chart, but was rejected and fell to a low of 1.4293 levels. US dollar made a comeback across the board as significant majority believes the Fed may surprise markets with its hawkish stance. Consequently, offered tone around the pair remained intact in Asia, pushing it to a low of 1.4256 levels. Ahead of tomorrow’s FOMC rate decision, the spot could be influenced by US advance retail sales report. Eyes US retail sales report The

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