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GBP/USD Forecast: Next major hurdle is inverse head and shoulder neckline

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 30, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    GBP/USD rose to near 1.43 levels after US Fed’s Williams talked about negative rates. Gains were extended further to near 1.44 handle after Fed’s Yellen came out dovish. Brexit vote is gathering pace Sterling also found support from an Ipsos MORI poll, which showed 49% would vote to remain in the EU at the referendum and 41% of respondents would vote to leave. However, there has been a reduction in the “In” campaigns lead by 5%, which clearly indicates the public opinion is shifting in favor

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