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GBP/USD Reluctant To Drop Under 1.44

Discussion in 'Technical Analysis' started by Kaitlin, May 10, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The Sterling remained relatively unchanged against the US Dollar on Monday, unable to pierce the 20-day SMA resistance. However, due to a slight decline yesterday, the monthly PP was breached, which is now bolstering the 20-day SMA, creating an even stronger resistance area just above the opening price. At the[​IMG]

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