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GBP/USD On The Edge Of Dropping To A Fresh 7-Month Low

Discussion in 'Technical Analysis' started by Kaitlin, Dec 2, 2015.

  1. Kaitlin

    Kaitlin Forum Member

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    The US Dollar weakened against the Sterling on Tuesday, amid the US ISM Manufacturing PMI showing signs of contraction. However, the weekly PP prevented any substantial gains, despite the Cable's attempts to climb over 1.51. The same resistance is likely to cause the pair to bounce back and technical studies[​IMG]

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