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GBP/USD Forecast: looking constructive, 1.4660 possible

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 12, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    Pound turned higher on improved risk sentiment this Friday as worldwide stocks seem to have halted the bleeding. The British currency also found support in recovering oil prices, hovering above $27.00 a barrel after flirting with $26.00 during the previous American session. With no data having been released in the UK, the GBP/USD is trading near its weekly high, of 1.4577, the level to beat to confirm a new leg higher. Technically, the 4 hours chart shows that the price is currently

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