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GBP/USD Muted Ahead Of BoE Decision

Discussion in 'Technical Analysis' started by Kaitlin, Mar 17, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    The British Pound managed to recover from its intraday low yesterday, amid a dovish Fed statement. As a result, the monthly PP was once again confirmed as a strong support, as it pushed the Cable to close 40 pips under the 1.43 target. Technical indicators retain their bullish signals today,[​IMG]

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