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GBP/USD Forecast: key support at 1.4170

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Apr 5, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    After failing to retain the 1.4300 level late Monday, the GBP/USD pair extended its decline towards the 1.4200 region early Europe, weighed by the negative mood that surrounds financial markets. The GBP/USD pair trades around 1.4230 after the release of the UK Services PMI, showing that during March, the sector grew less than expected, but more than initially estimated with the final reading resulting at 53.7. Later on today, the US will release its Trade Balance figures for February, and the

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