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GBP/USD In Limbo Ahead Of US Data

Discussion in 'Technical Analysis' started by Kaitlin, Aug 25, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    The Sterling appreciated against the US Dollar for the third consecutive day yesterday, but with each rally being smaller than the preceding one, suggesting that a reversal is due. Stronger US fundamentals could trigger a Cable sell-off today, with the exchange rate returning under the 1.32 major level. However, technical[​IMG]

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