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GBP/USD Forecast: Weak recovery does little to rattle bears

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 10, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    The GBP/USD pair witnessed a technical recovery on Monday as the Asian and European desks ditched the US dollar. The cable rose to a high of 1.5128, before trimming gains to close the day around 1.5113. the USD did find some love in the US session, but still, the markets chose not to extend Friday’s USD rally. No major UK data is due for release today . US calendar is light this week with only retail sales due on Friday, which too may not alter rate hike bets now as the markets now consider

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