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GBP/USD Makes Effort To Retake 1.54

Discussion in 'Technical Analysis' started by Kaitlin, Oct 24, 2015.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    The Sterling tested the resistance area around 1.55 for the seventh consecutive day and, surprisingly, ended up edging lower. The much better-than-expected US Existing Home Sales outweighed the UK's strong Retail Sales figures, causing the pair to edge 22 pips lower under 1.54. The Cable's attempts to return above the[​IMG]

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