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GBP/USD On The Verge Of Falling Back Under 1.42

Discussion in 'Technical Analysis' started by Kaitlin, Mar 9, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    As was anticipated, the Sterling weakened against the US Dollar on Tuesday, amid BoE Governor's remarks. Although volatility stretched beyond the immediate support, ultimately, trade closed above it at 1.4217. The outlook remains grim, as technical indicators retain their bearish signals. The Pound is poised for another decline, with the[​IMG]

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