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GBP/USD In Limbo Around 1.4250

Discussion in 'Technical Analysis' started by Kaitlin, Apr 5, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    On Monday the GBP/USD currency pair reconfirmed the six-week up-trend, but recovering from its intraday low and edging over the 1.43 level. However, the Cable was unable to maintain trade that high, with trade ultimately closing just on top of the monthly PP. Resistance remains strong today, but more USD[​IMG]

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  2. Eliza Abrams

    Eliza Abrams Well-Known Member Trader

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    It's headed for 1.4200 - 1.4190 again, I think.
     

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