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GBP/USD Forecast: Inverted hammer ahead of Carney speech and CPI data

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 19, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The GBP/USD pair rose to a intraday high of 1.4323 before falling below the opening price and ending the day moderately lower at 1.4242 levels, thereby forming an inverted hammer candlestick on the daily chart. The trading volumes were thin as the US markets were closed. The pair ticked moderately higher in Asia to trade around 1.4265 levels. Eyes Carney speech and UK CPI data Bank of England Governor Mark Carney will be delivering his first speech on the economy this year today. Carney is

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