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GBP/USD Remains Stuck Between 55 And 100-Day SMAs

Discussion in 'Technical Analysis' started by Kaitlin, Oct 20, 2015.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    The British currency was unable to pierce the resistance cluster at 1.5485, ultimately suffering a 34-pip decline. Not much has changed over the weekend. Technical indicators remain unchanged, but the resistance cluster strengthened, as the Bollinger band is now bolstering it. At the same time, immediate support is now represented[​IMG]

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