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GBP/USD On The Edge Of Breaching The Down-Trend

Discussion in 'Technical Analysis' started by Kaitlin, Apr 26, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    On Monday Pound's volatility was contained by the 1.44 major level from the downside and the resistance trend-line from the upside, while the day ended with a 10-pip rally. Technical studies imply another GBP/USD surge today, but that would mean a breach of the nine-month down-trend earlier than initially anticipated.[​IMG]

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  2. Eliza Abrams

    Eliza Abrams Well-Known Member Trader

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    The pair continues moving to the upside, I think it will likely reach 1.4900 eventually.
     

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