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GBP/USD Forms Falling Wedge From Thursday's Surge

Discussion in 'Technical Analysis' started by Kaitlin, Dec 4, 2015.

  1. Kaitlin

    Kaitlin Forum Member

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    The US Dollar experienced a harsh sell-off on Thursday, mainly caused by the ECB's unexpected stimulus decision, as well as a set of weak US fundamentals. As a result, the Cable skyrocketed, meeting resistance only in face of the third cluster at 1.5145, namely the 20-day SMA and the weekly[​IMG]

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