GBP/USD Poised For More Weakness

Discussion in 'Technical Analysis' started by Kaitlin, Feb 25, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    On Wednesday the Cable suffered a rather serious decline for the third consecutive day this week, also crossing a strong support in face of the weekly S3 and the monthly S1. This cluster is now providing immediate resistance, with the Bollinger band now bolstering it. Although the prospects are bearish[​IMG]

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