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GBP/USD Forecast: Eyes 1.5350 as correction in USD continues

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 20, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The GBP/USD pair rose to a intraday high of 1.5336 on Thursday before falling back to 1.5290 by NY closing. The weaker-than-expected UK retail sales data and an upbeat US retail sales and Philly Fed data failed to weaken Sterling as the overcrowded USD long trade witnessed modest profit taking. The UK public sector net borrowing data is unlikely to have a major impact unless the figure is far lower than the consensus estimates. Overall, there is little or no fundamental trigger today, so the

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