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GBP/USD In Quiet Trade, Awaits US GDP Data

Discussion in 'Technical Analysis' started by Kaitlin, Nov 25, 2015.

  1. Kaitlin

    Kaitlin Forum Member

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    Although no significant level was crossed yesterday, the Cable still suffered a rather serious decline. The weekly S1 was able to keep the pair afloat, but according to technical studies—another slump is on the way. The bottom floor is estimated to be located at 1.5070, whereas the weekly S2 and[​IMG]

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