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GBP/USD Poised For More Gains

Discussion in 'Technical Analysis' started by Kaitlin, May 12, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The Cable remained relatively unchanged against the US Dollar on Wednesday, having edged only seven pips higher. As a result, the target level was not retaken, leaving that opportunity for Thursday. The GBP/USD pair today opened between the 20-day SMA from the upside and the monthly PP from the downside,[​IMG]

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