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GBP/USD Gravitates Towards 1.42

Discussion in 'Technical Analysis' started by Kaitlin, Jan 26, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    After having retested the down-trend, the GBP/USD currency pair bounced back and closed trade with a 22-pip loss on Monday. The bearish trend is expected to prevail and cause the Cable to fall deeper, despite the weekly PP providing immediate support. The decline could last down to the monthly S3[​IMG]

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