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GBP/USD Gravitates Towards 1.4140

Discussion in 'Technical Analysis' started by Kaitlin, Mar 15, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Bullishness of the Cable that we have been observing since the beginning of March proved to be insufficient to carry the price over the monthly R1. The currency pair bounced off of 1.4446 and even closed below the 55-day SMA. The target is now the monthly pivot point at 1.4141,[​IMG]

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