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GBP/USD Poised For More Weakness

Discussion in 'Technical Analysis' started by Kaitlin, Apr 6, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The British currency experienced a rather sharp sell-off yesterday, edging below the six-week up-trend, with trade closing at 1.4162. The Sterling risks falling deeper down today, depending on the FOMC meeting results. Technically, a drop beyond the 1.41 psychological level is unlikely to occur. The weekly S1 and the Bollinger[​IMG]

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