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GBP/USD Forecast: Re-tests Expanding triangle resistance ahead of UK data

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 7, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The broad based USD weakness in the NY session on Monday pushed the GBP/USD pair to a high of 1.5243 before profit taking led to a daily close at 1.5223. The softness in the USD remained intact in Aisa and pushed the GBP/USD to a high of 1.5257 levels. The investors now await the UK industrial and manufacturing production figures in the US. UK industrial production – Downside surprise possible, but won’t be a shock The UK industrial production is seen rising 0.3% MoM, although a downside

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