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GBP/USD On The Edge Of Falling Under 1.29

Discussion in 'Technical Analysis' started by Kaitlin, Aug 15, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Even weak US fundamental data on Friday was insufficient to trigger a GBP/USD rally, being that the pair erased all intraday gains and ended the day with a 34-pip loss. Today the Cable faces a relatively strong support area 1.2870, represented by the Bollinger band, the weekly and the monthly[​IMG]

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